Svenska Cellulosa joins Yankee fest

03 Jul 2003

Swedish consumer products company Svenska Cellulosa this week became the latest issuer in the Yankee bond market.

The so-called Kimberly Clark of Sweden raised $450m of 12 year money via Deutsche Bank at 105bp over the 10 year Treasury and paid a coupon of just 4.5%. Despite the tight pricing, investors snapped up ...

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