Stora Enso announces early redemption of entire USD 389 million 2016 bond

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.