Stora Enso Oyj (STERV)

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Stora Enso Oyj (STERV)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	MTRL	PRCD	STERV	Stora Enso Oyj	€1,000		2	EMEA	May 24, 2023

Tranche #1Stora Enso Oyj

currency

EUR

size (m)

500.000

maturity

Jun 1, 2026

type

Fixed

tenor

3.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa3

s&p

fitch

BBB-

size description

re-open/tap

ipt

MS+95-100

ipt-pxd

guidance

MS+70 a

spread

coupon

4.00%

spread set

price

99.92800

yield

4.026%

book size (m)

1,900

peak book (m)

x-covered

3.8

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,900

peak book (m)

x-covered

3.8

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Stora Enso Oyj

currency

EUR

size (m)

500.000

maturity

Sep 1, 2029

type

Fixed

tenor

6.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa3

s&p

fitch

BBB-

size description

re-open/tap

ipt

MS+145-150

ipt-pxd

guidance

MS+125 a

spread

120

coupon

4.25%

spread set

price

99.64000

yield

4.32%

book size (m)

1,650

peak book (m)

x-covered

3.3

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,650

peak book (m)

x-covered

3.3

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

3 yr: Book size: 1900; Registration: Reg S Only; Comments: EUR500m WNG part of 2-tr 3yr snr unsec bmk green RegS. Baa3/NR/BBB-. BNPP(B&D)/CA-CIB/Danske/SEB. IPTs 3yr MS+95/+100. Guidance MS+70 area. Launch MS+65. Final books 1.9bn (peak 2.2bn+). OBL 0% 04/26 183 (92.87 / 2.607% / HR: 107%,), B+141.9. Tax Call: Yes. Par Call: 1m. Cleanup Call: 75%. MWC: B+25bp. LEI: 7437000ZP669LKUTZ738; 6 yr: Book size: 1650; Registration: Reg S Only; Comments: EUR500m WNG part of 2-tr long 6yr Sep 2029 snr unsec bmk green RegS. Baa3/NR/BBB-. BNPP(B&D)/CA-CIB/Danske/SEB. IPTs L6yr MS+145/+150. Guidance MS+125 area. Launch MS+120. Final books 1.65bn (peak 1.8bn+). DBR 0% 08/29 (86.36 / 2.385% / HR: 102%), B+193.5. Tax Call: Yes. Par Call: 3m. Cleanup Call: 75%. MWC: B+30bp. LEI: 7437000ZP669LKUTZ738;

Use of Proceeds

Refinancing of capital expenditures, R&D and assets

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Stora Enso Oyj (STERV)

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