Stora Enso wins strong demand for high grade-style BB bond
Stora Enso, the double-B rated Finnish paper company, launched a €500m seven year bond today that found strong demand, mainly from investment grade investors.
The deal is accompanied by a tender offer, in which Stora Enso hopes to buy back up to 500m of its 750m 2014 bond.The purpose of the deal was to tackle our maturities, as we have a positive cash balance, said Kaarlo Höysniemi, vice-president of group treasury at ...
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