This announcement is not being made in and copies of it may not be distributed or sent into the United States, the United Kingdom or Japan. In addition, the shares are traded in the USA as ADRs (SEOAY). Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). Stora Enso has some 26 000 employees in over 30 countries. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow.
Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. More information about our Green Bonds is available at /greenbonds. “This successful Green Bond is further evidence that our Sustainability Agenda underpins core business processes, such as the raising of new finance to grow our share of the bioeconomy,” says Noel Morrin, EVP Sustainability. This is fully in line with our Green Bond Framework, as Bergvik Skog’s forest lands are 100% certified to sustainable forestry,” says SVP Group Treasurer Pasi Kyckling. The proceeds are intended entirely to finance our ongoing acquisition of forest assets in Bergvik Skog. We are very pleased to successfully issue our first Green Bonds. “Stora Enso has the long-term aim to secure funding partners that have sustainability as a fundamental part of their agenda. The bookrunners for the transactions were DnB, Nordea, and SEB. The bonds will be listed on the Luxembourg Stock Exchange. There are no financial covenants for the bonds. The issue price is 100, and is equal to SEK-swap +145 basis points. The bonds have three tranches as follows:ġ) SEK 3 000 million matures in August 2021 and pays a floating coupon of STIBOR +0.85%.Ģ) SEK 1 250 million matures in February 2024 and pays a floating coupon of STIBOR +1.45%.ģ) SEK 1 750 million matures in February 2024 and pays a fixed coupon of 1.875%. The bonds are issued under Stora Enso’s Green Bond framework published in May 2018. The total aggregated principal amount of the transaction is SEK 6 000 million. The bonds are issued under its EMTN (Euro Medium Term Note) programme. Stora Enso has today successfully issued its first Green Bonds. THIS ANNOUNCEMENT IS NOT BEING MADE IN, AND COPIES OF IT MAY NOT BE DISTRIBUTED OR SENT INTO, THE UNITED STATES, THE UNITED KINGDOM OR JAPAN.
0 kommentar(er)
