Business
Stora Enso successfully issues hybrid bonds of EUR 1 billion
Stora Enso has successfully completed the issuance of two tranches of hybrid bonds with a total nominal amount of EUR 1 billion. The proceeds from the issuance will be used for general corporate purposes, including the refinancing of existing debt and upcoming maturities.
About this update from Stora Enso Oyj Class A
[{"type":"text","content":"THIS ANNOUNCEMENT IS NOT BEING MADE IN, AND COPIES OF IT MAY NOT BE DISTRIBUTED OR SENT INTO, THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, SINGAPORE OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE CAPITAL SECURITIES OR THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.","length":339,"tagName":"p"},{"type":"text","content":"HELSINKI, April 10, 2026 /PRNewswire/ -- Stora Enso has successfully completed the issuance of two tranches of hybrid bonds with a total nominal amount of EUR 1 billion. The proceeds from the issuance will be used for general corporate purposes, including the refinancing of existing debt and upcoming maturities.","length":313,"tagName":"p"},{"type":"text","content":"The transaction includes two tranches:- EUR 500 million hybrid bond with a 3-year first call period - EUR 500 million hybrid bond with a 5.5-year first call period","length":165,"tagName":"p"},{"type":"text","content":"The bonds are subordinated instruments with no fixed maturity date. They are treated as equity under IFRS and are an important part of Stora Enso's long-term financing strategy, strengthening the company's capital structure and financial flexibility. The first bond is issued at price of 100.00 and bears a fixed interest rate of 5.625% per annum until 17 April 2029, after which the rate will reset periodically based on prevailing market conditions. The second bond is issued at price of 99.47 and bears a fixed interest rate of 5.875% per annum until 17 October 2031, with subsequent resets on the specified dates.","length":625,"tagName":"p"},{"type":"text","content":"The bonds will be listed on the Global Exchange Market of Euronext Dublin.","length":74,"tagName":"p"},{"type":"text","content":""We are pleased with the strong investor demand for our hybrid bond issuance, which enhances Stora Enso's financial flexibility and supports our long-term strategy. The positive market response reflects confidence in our financial strength and commitment to a solid investment-grade rating. The attractively priced bonds further strengthen our capital structure, and we are very satisfied with the outcome in terms of size, pricing, and investor quality," says CFO Niclas Rosenlew.","length":495,"tagName":"p"},{"type":"text","content":"For further information, p...