Svenska Cellulosa soaks up €500m 10yr
Svenska Cellulosa, the Swedish maker of paper, nappies and tissue paper, raised €500m of 10 year debt on Monday with its first bond for two years. Despite coming from the paper sector, which contains some risky credits, Svenska Cellulosa has solid Baa1/BBB+ ratings and the leads saw it as a safe bet for investors on a rough day in the markets.
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