Business News

Stora Enso successfully completes Eurobond tap

Friday 15. May 2009 - Stora Enso has today announced that the company has successfully tapped its EUR 517 555 000 5.125% June 2014 notes by EUR 232 445 000 which will bring the total transaction size to EUR 750 000 000.

The new notes were issued with a 12.25%yield and were priced at 74.099. The newly issued bearer notes will becomefungible with the original notes after 40 days. As per the original issue, thenew notes will be listed on the Luxembourg Stock Exchange. Settlement date ofthe transaction is set at 20 May 2009. Denominations are EUR 1 000, EUR 10 000,EUR 100 000 and EUR 1 000 000.

Stora Enso is rated Ba2 (neg) by Moody’s and BB (neg) by Standard &Poor’s.

The bond was issued to extend Company’s debt structure and take advantage ofimproved credit market conditions. The funds will be used to reduce short-termdebt maturities.

Bookrunner for this transaction was HSBC Bank Plc.