Consumables
Stora Enso successfully completes Eurobond tender offer
Wednesday 15. June 2016 - Following Stora Enso bond and tender release issued on 7 June 2016, Stora Enso has successfully repurchased notes with a nominal value of EUR 284 554 000 from the 2018 bond, and of EUR 67 389 000 from the 2019 bond, issued in 2012.
The transaction for the 2018 bond is priced at an interpolated mid-swaps rate + 35 basis points, which implies a yield of 0.184% and a price of 108.435. The 2019 bond is priced at an interpolated mid-swaps rate +90 basis points, which implies a yield of 0.746% and a price of 112.765. The settlement date will be 16 June 2016.
The negative impact on net financial items in Stora Ensos second quarter 2016 results will be EUR 34 million.
The bookrunners for the transaction were Deutsche Bank, JP Morgan and Nordea Bank.