Stora Enso issues $169M green bond
April 23, 2020
| Meghan Sapp
In Finland, Stora Enso has successfully issued a new $169 million green bond under its EMTN (Euro Medium Term Note) program and under Stora Enso’s Green Bond Frame work published in May 2018. The bond has two tranches as follows:
1) $99.3 million matures in April 2025 and pays a floating coupon of STIBOR +2.20%.
2) $69.5 million matures in April 2025 and pays a fixed coupon of 2.375%. The issue price is 99.744 and is equal to SEK-swap +220 basis points.
There are no financial covenants for the bonds. The bonds will be listed on the Luxembourg Stock Exchange. The bookrunner for the transaction was Nordea.
Category: Fuels
