Sappi sells $120m convertible, first since 1995

Aidan Gregory

November 18, 2020 10:45 am

Sappi_PA_575_375 — A logo sign outside of a facility occupied by Sappi Limited in Allentown, Pennsylvania on February 26, 2017. Photo by Kristoffer Tripplaar *** Please Use Credit from Credit Field *** | Kris Tripplaar/SIPA USA/PA Images

South African pulp and paper company Sappi has tapped the equity-linked market for financing with a new five-year R1.8bn ($120m) convertible bond.

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Topics

Africa Equity Africa Bonds Morgan Stanley Equity South Africa Emerging Markets EM - Africa EMEA Africa Equity-Linked

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Aidan Gregory