HELSINKI, Finland, Nov. 26, 2020 /PRNewswire/ -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 26 November
2020 at 09.00 EET
[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.]
Stora Enso has successfully issued a new EUR 500 million green bond under its EMTN (Euro
Medium Term Note) programme. The bond matures in December 2030 and pays a fixed coupon of 0.625%.
The bond is issued under Stora Enso's Green Bond framework,
published in May 2018. The issue
price was 99.211 equivalent to a yield of 0.707% and Euro Mid-Swaps
+95 basis points.
There are no financial covenants included in the bond
documentation. The bond will be listed on the Luxembourg Stock
Exchange. The joint lead managers and bookrunners for the
transaction are BNP Paribas, J.P. Morgan Securities, NatWest
Markets and OP Corporate Bank.
"We're very pleased with the issuance of our first euro green
bond. This issuance fits our sustainable finance strategy well.
It's a good continuation from the SEK denominated green bonds
issued in 2019 and 2020," says Group Treasurer Pasi
Kyckling.
For example, the proceeds from the new bond will finance the
acquisition of certified forestland in Sweden and operational expenditures of
sustainable forest management, investments at Gruvön Mill and
Ždirec sawmill for producing cross-laminated timber (CLT), Oulu
Mill conversion from graphic paper to kraftliner, and an investment
in a steam turbine at Maxau Mill that enhances renewable energy
production and reduces our CO2 emissions.
"Our third successful green bond issue is further evidence that
our Sustainability Agenda supports our value creation in the
bioeconomy. We are raising new finance to strengthen our position
as a leading renewable materials company. Our eligible projects for
green bond proceeds are contributing to solving global
sustainability challenges and mitigating climate change with our
eco-friendly and circular solutions", says Annette Stube, EVP Sustainability.
More information about our Green Bonds is available at
storaenso.com/greenbonds.
For further information, please contact:
Pasi
Kyckling
SVP, Group Treasurer
tel. +358 40 820 6902
Investor enquiries:
Ulla PaajanenSVP
Investor Relations
tel. +358 40 763 8767
Part of the bioeconomy, Stora Enso is a leading global provider
of renewable solutions in packaging, biomaterials, wooden
constructions and paper. We believe that everything that is made
from fossil-based materials today can be made from a tree tomorrow.
Stora Enso has some 25 000 employees in more than 30
countries. Our sales in 2019 were EUR 10.1
billion. Stora Enso shares are listed on Nasdaq Helsinki
(STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition,
the shares are traded in the USA
as ADRs (SEOAY). storaenso.com
STORA ENSO OYJ
IMPORTANT NOTICE
The distribution of this announcement may be restricted by law
and persons into whose possession information referred to herein
comes should inform themselves about and observe any such relevant
legal restrictions. The information contained herein or any other
information relating to the securities may not be distributed or
published in the United States,
the United Kingdom, Singapore, Japan or in any jurisdiction or under any
circumstances in which such distribution or publication is not
authorised or is unlawful. The information contained herein does
not constitute an offer to sell or the solicitation of an offer to
buy the securities referred to herein. There shall be no offer,
solicitation or sale of the securities referred to herein in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such
jurisdiction.
The securities referred to herein may not be sold in
the United States absent
registration or an exemption from registration under the U.S.
Securities Act of 1933, as amended. In the United Kingdom, the information in this
announcement may be distributed only to, and may be directed at,
(a) persons who have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order")
or (b) high net worth entities falling within Article 49(2)(a) to
(d) of the Order, and other persons to whom it may be lawfully
communicated (all such persons together being referred to as
"relevant persons"). Any person who is not a relevant person should
not act or rely on this document or any of its contents. In
addition, this communication is, in any event only directed at
persons who are "qualified investors" (within the meaning of
Article 2(e) of Regulation (EU) 2017/1129.
MiFID II professionals/ECPs-only - Manufacturer target market
(MIFID II product governance) is eligible counterparties and
professional clients only (all distribution channels).
For further information, please contact:
Pasi
Kyckling
SVP, Group Treasurer
tel. +358 40 820 6902
Investor enquiries:
Ulla PaajanenSVP
Investor Relations
tel. +358 40 763 8767
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/stora-enso-oyj/r/stora-enso-issues-a-new-eur-500-million-green-bond,c3243870