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
