Business News

Stora Enso announces early redemption of entire USD 421 million 2011 bond

Friday 05. November 2010 - Stora Enso will exercise its right to redeem all of the USD 421 million bond maturing in May 2011 through a make whole process. The bond will be redeemed on 9 December 2010.

“The reason for the make whole is to manage cash efficiently and proactively.
Because of our strong liquidity, we are able to exercise our right to redeem the
entire bond five months prior the date on which it was due for repayment,” says
Stora Enso CFO Markus Rauramo.