STORA ENSO OYJ STOCK EXCHANGE RELEASE 30 September 2009 at 06.00 GMT
Stora Enso has successfully issued a EUR 390 million seven-year bond under its
EMTN (Euro Medium Term Note) programme. The seven-year maturity of the bond will
lengthen Stora Enso's average debt maturity profile. The bond pays a floating
coupon of Euribor + 4.21% and there are no financial covenants. Sole Lead
Manager for the deal was SEK Securities.
“We decided to take advantage of improved market conditions and issued a bond at
attractive levels to refinance our short-term maturities and enhance our
maturity profile. The Group has a strong liquidity situation and many
alternative sources of financing are available. We continue to manage our
maturity profile proactively,” says Jyrki Tammivuori, SVP Group Treasurer.
Stora Enso has a revolving credit facility of EUR 1.4 billion maturing in May
2012 fully undrawn and without any financial covenants.
For further information, please contact:
Jyrki Tammivuori, SVP, Group Treasurer, tel. +358 2046 21043
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242
www.storaenso.com
www.storaenso.com/investors
Stora Enso is the world leader in forest industry sustainability. We offer our
customers solutions based on renewable raw materials. Our products provide a
climate-friendly alternative to many non-renewable materials, and have a smaller
carbon footprint. Stora Enso is included in the Global 100 list of the world's
most sustainable companies. Stora Enso is also listed in the Dow Jones
Sustainability Index, the FTSE4Good Index, and the Climate Disclosure Leadership
Index. Stora Enso employs 29 000 people worldwide, and our sales in 2008
amounted to EUR 11.0 billion. Stora Enso shares are listed on NASDAQ OMX
Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares
are traded in the USA as ADRs (SEOAY) in the International OTCQX
over-the-counter market.
STORA ENSO OYJ
Jari Suvanto Ulla Paajanen-Sainio
