Stora Enso has launched a Stock Exchange offer for its 6.375% euro medium term notes maturing on June 29 2007.
The offer is designed to lengthen the company’s debt maturity profile, take advantages of current market conditions and create a “new liquid longer dated benchmark” in the public credit market.
All holders of existing notes are invited to exchange any or all of their holdings into 10-year Stora Enso euro denominated fixed rate notes, maturing in June 2014. The notes will be issued under the company’s existing euro medium term note programme and listed on the Luxembourg Stock Exchange.
