Capital market issuance
Stora Enso’s funding mission is to have a funding operation that is able to provide competitive funding for Stora Enso and execute deals in any required size, in any market, at any time. This section introduces Stora Enso’s existing capital market issues shown in the debt structure.
Stora Enso has established benchmark issues in the markets where the company has its main activities. The intention is to build on this with new issues as the funding needs occur.
Public issues
| Issue |
US Global Bond |
| Amount: |
USD 300 million |
| Issued: |
April 2006, roadshow in USA |
| Coupon: |
7.250% |
| Maturity: |
15 April 2036 |
| Listing: |
Luxembourg Stock Exchange |
| Note: |
"The first corporate US dollar transaction combining exchange of exisiting bonds and existing new issuance" |
Joint lead
managers: |
Merrill Lynch, Morgan stanley |
| Issue |
US Global Bond |
| Amount: |
USD 508 million |
| Issued: |
April 2006, roadshow in USA |
| Coupon: |
6.404% |
| Maturity: |
15 April 2016 |
| Listing: |
Luxembourg Stock Exchange |
| Note: |
"The first corporate US dollar transaction combining exchange of exisiting bonds and existing new issuance" |
Joint lead
managers: |
Merrill Lynch, Morgan stanley |
| Issue |
US Global Bond |
| Amount: |
USD 469 million (EUR 750 million before exchange transaction in April 2006) |
| Issued: |
May 2001, roadshow in Europe and USA |
| Coupon: |
7.375% |
| Maturity: |
15 May 2011 |
| Listing: |
Luxembourg Stock Exchange |
| Note: |
"Corporate Bond of the year" by Corporate Finance Magazine |
Joint lead
managers: |
Goldman Sachs & Co., Salomon Smith Barney |
|
Co-managers: |
Credit Suisse First Boston, JP Morgan, Merrill Lynch, Morgan Stanley |
| Issue |
Eurobond exchange (see stock exchange release) |
| Amount: |
EUR 517 million |
| Issued: |
June 2004 |
| Coupon: |
5.125% |
| Maturity: |
23 June 2014 |
| Listing: |
Luxembourg Stock Exchange |
Joint lead
managers: |
JP Morgan, Merrill Lynch |
|
Co-managers: |
Barclays Capital, BNP Paribas, ING Financial Markets and SEB Merchant Banking |
| Issue |
Eurobond issued from the EMTN Programme (see stock exchange release) |
| Amount: |
EUR 500 million |
| Issued: |
June 2005 |
| Coupon: |
3.25% |
| Maturity: |
22 June 2010 |
| Listing: |
Luxembourg Stock Exchange |
|
Jointl lead
managers: |
Barclays Capital, Citigroup |
| Co-managers: |
BNP-Paribas, Danske Bank, Deutsche Bank, Merrill Lynch and UBS |
| Issue |
Notes issued from the domestic Swedish MTM programme |
| Amount: |
SEK 4.3 billion |
| Issued: |
December 2004 |
| Coupon: |
3.875% |
| Maturity: |
15 December 2009 |
| Listing: |
Stockholm Stock Exchanges |
| Note: |
Largest corporate benchmark mark bond in Sweden |
| Managers: |
Svenska Handelsbanken AB (publ.), Skandivaniska Enskilda Banken AB (publ.), Nordea AB (publ.) |
| Issue |
SEK bond issued from the EMTN Programme (see stock exchange release) |
| Amount: |
SEK 2.0 billion |
| Issued: |
May 2005 |
| Coupon: |
floating |
| Maturity: |
19 May 2008 |
| Listing: |
Stockholm Stock Exchange |
|
Joint lead
managers &
bookrunners: |
Handelsbanken Capital Markets, Nordea Markets and SEB Merchant Banking |
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