Stora Enso Oyj
Stora Enso announces early redemption of entire USD 389 million 2016 bond
Stora Enso Oyj 24.04.2015 08:00 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Helsinki, Finland, 2015-04-24 08:00 CEST (GLOBE NEWSWIRE) -- STORA ENSO OYJ STOCK EXCHANGE RELEASE 24 April 2015 at 9.00 EET Stora Enso will exercise its right to redeem all of the USD 389 million bond maturing in April 2016 through a make whole process. The bond will be redeemed on 26 May 2015. '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 11 months prior the date on which it was due for repayment,' says Stora Enso CFO Seppo Parvi. For further information, please contact: Seppo Parvi, CFO, tel. +358 2046 21205 www.storaenso.com www.storaenso.com/investors Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wood and paper on global markets. Our aim is to replace non-renewable materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 27 000 people in more than 35 countries, and our sales in 2014 were EUR 10.2 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) on the International OTCQX over-the-counter market. STORA ENSO OYJ News Source: NASDAQ OMX 24.04.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Stora Enso Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009005961 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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