The SEK 1 billion ($105 million) loan from Nordiska investeringsbanken (NIB) has a maturity of 10 years, and will finance the expansion of production capacity of bleached softwood kraft pulp at the SCA Östrand plant in the municipality of Timrå, Sweden. The loan will improve the duration of the maturity profile and will further diversify the funding, as the company says in the press release received by Lesprom Network.
NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries.
The core of SCA’s business is the forest, Europe’s largest private forest holding.