Stora Enso wins strong demand for high grade-style BB bond

29 Feb 2012

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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