Stora Enso and Fluvius mandate for long tenor green bonds

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By Mike Turner
23 Nov 2020

Stora Enso, the Finnish paper company, and Belgian utility Fluvius mandated banks to lead green bonds of 10 years or more on Monday, combining two recent themes in corporate bonds — ESG issuance and longer maturities.

Stora Enso, rated A3, wants to sell a €500m no-grow 10 year bond via BNP Paribas, JP Morgan, NatWest Markets and OP Corporate Bank.

Meanwhile, Fluvius, also A3, has hired Belfius and BNP Paribas for its debut in the structure, which will be a benchmark 10 or 12 year.

Green ...

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