Stora Enso issues SEK 5.2 billion of green bonds

STORA ENSO OYJ STOCK EXCHANGE RELEASE 1 November 2023 at 9:00 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 green bonds in Swedish krona with a total amount of 5.2 billion. The bonds are issued under Stora Enso’s EMTN (Euro Medium Term Note) programme and under its Green and Sustainability-Linked Financing Framework.

The bonds have four tranches as follows:

1. SEK 1.85 billion matures in February 2027 and pays a floating coupon of STIBOR +1.25%

2. SEK 600 million matures in February 2027 and pays a fixed coupon of 4.75%. The issue price was 99.765, equivalent to a yield of 4.837%

3. SEK 500 million matures in November 2028 and pays a floating coupon of STIBOR +1.60%

4. SEK 2.25 billion matures in November 2028 and pays a fixed coupon of 5.00%. The issue price was 99.892, equivalent to a yield of 5.025%

There are no financial covenants for the bonds. The bonds will be listed on the Luxembourg Stock Exchange. Joint lead managers for the transaction were Nordea and SEB.

The proceeds with these bonds will be used for refinancing of Stora Enso's forest holdings in Sweden. In conjunction of the issuance Stora Enso will repurchase bonds with original maturity in February 2024 with a nominal amount of SEK 1.5 billion.

More information about Stora Enso’s green bonds is available at storaenso.com/greenbonds. 

For further information, please contact:
Kaarlo Höysniemi
SVP Group Treasury
tel. +358 400 251 179 

Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691 

Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has approximately 21,000 employees and our sales in 2022 were EUR 11.7 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors  

STORA ENSO OYJ