Stora Enso successfully completes SEK benchmark bond offer
May 12, 2005. The 3-year SEK 2.0 billion benchmark bond of Stora Enso Oyj, rated Baa1 (negative)/BBB+ (stable), is now priced and launched in the Company's Swedish MTN programme. Due 19 May 2008, the deal pays a three month floating coupon +0.28% and has an issue/reoffer price of 100.00.
May 12, 2005. /Lesprom Network/. The 3-year SEK 2.0 billion benchmark bond of Stora Enso Oyj, rated Baa1 (negative)/BBB+ (stable), is now priced and launched in the Company's Swedish MTN programme. Due 19 May 2008, the deal pays a three month floating coupon +0.28% and has an issue/reoffer price of 100.00.
The bond was issued to improve 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.