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Stora Enso issues seven-year Eurobond and announces tender offer

Feb 29 2012  Stora Enso is issuing a seven-year Eurobond and announcing a tender offer for its 750 million Euros Eurobond maturing in 2014.

The size of the new seven-year bond is expected be 500 million Euros.Stora Enso also announces a tender offer to repurchase a portion of the 2014 bond issued in 2004 and tapped in 2009 with nominal value 750 million Euros. The intention is to repurchase an amount of the 2014 bond of up to the amount of new notes issued. The offer expires March 8.Citigroup, Deutsche Bank, Goldman Sachs and SEB are acting as Joint Bookrunners for the bond issue and as Dealer Managers on the tender offer. The proceeds of the offering will be used for general corporate purposes, including refinancing of the bond maturing in 2014.

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