10.12.2004: Meldung: Stora Enso Oyj: SEK benchmark bond offer successfully completed
Stora Enso Oyj Stock Exchange Release 9 December 2004 at 14:45 GMT
The 5-year SEK 4.3 billion benchmark bond of Stora Enso Oyj, rated Baa1/BBB+ (both stable), is now priced and launched in the Company"s Swedish MTN programme. Due 15 December 2009, the deal pays a fixed coupon of 3.875% and has an issue/reoffer price of 99.599 to give a spread of 38bps over mid 5-year SEK swap.
The bond was issued to restructure the Company"s debt portfolio and take advantage of favourable market conditions.
Joint Lead Managers & Bookrunners for this transaction were Handelsbanken Capital Markets, Nordea Markets and SEB Merchant Banking.
For further information, please contact:
Peter Nordquist, Vice President Head of Funding, tel. +44 20 7016 3266
Previous press release concerning Stora Enso"s SEK benchmark bond offer
- 3 December 2004: Stora Enso to launch a SEK benchmark bond offer
Stora Enso is an integrated paper, packaging and forest products company producing publication and fine papers, packaging boards and wood products, areas in which the Group is a global market leader. Stora Enso sales totalled EUR 12.2 billion in 2003. The Group has some 44 000 employees in more than 40 countries in five continents and about 15.7 million tonnes of paper and board annual production capacity and 7.4 million m3 of sawn wood products, including 2.8 million m3 of value-added products. Stora Enso"s shares are listed in Helsinki, Stockholm and New York.
Stora Enso Oyj
Business ID 1039050-8
Kanavaranta 1 00160 Helsinki, Finland P.O. Box 309 FIN-00101 Helsinki, Finland Tel.: +358 2046 131 Fax: +358 2046 21471
Stora Enso Oyj Business ID 1039050-8