Stora Enso will exercise its right to redeem all of the USD 421 million bond maturing in May 2011 through a make whole process. The bond will be redeemed on 9 December 2010.
"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 five months prior the date on which it was due for repayment," says Stora Enso CFO Markus Rauramo.
News within the industry of pulp and paper, Dec, 07 2025
