Following Stora Enso’s bond and tender release issued on 31 May 2017, Stora Enso has successfully repurchased notes with a nominal value of EUR 83 million from the 2018 bond, and of EUR 216 million from the 2019 bond, issued in 2012.
The transaction for the 2018 bond is priced at a yield of -0.25% and the 2019 bond is priced at a yield of -0.15%. The settlement date will be 9 June 2017.
The negative impact on net financial items in Stora Enso’s second quarter 2017 results will be EUR 26 million.
The bookrunners for the transaction were Citibank, SEB, and Barclays.
For further information, please contact:
Martin Ros, SVP, Treasurer, tel. +46 1046 71078
Investor enquiries:
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 40 763 8767
The stock exchange release concerning Stora Enso’s tender offer was published at 31 May 2017 and can be read at storaenso.com/press
Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil-based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 25 000 people in more than 35 countries, and our sales in 2016 were EUR 9.8 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com
STORA ENSO OYJ
For further information, please contact:
Martin Ros
SVP, Treasurer
tel. +46 1046 71078
Investor enquiries:
Ulla Paajanen-Sainio
SVP, Investor Relations
tel. +358 40 763 8767