Packaging material company Stora Enso says that he will exercise his right to redeem the 500 million euro bond early. The loan matures in June 2026. The bond will be redeemed on December 19, 2025.
“Earlier this year we sold part of our Swedish forest assets for 800 million euros, we are now further optimizing our capital structure by redeeming the bond prematurely”, CFO of Stora Enso Niclas Rosenlew commented in the announcement.
Stora Enso announced in May that it is selling 175,000 hectares of forest land in Sweden. The area to be sold corresponds to 12.4 percent of the company’s entire forest assets in Sweden. According to the press release at the time, the enterprise value of the deal was EUR 900 million, which corresponds to SEK 9.8 billion.
Stora Enso plans to separate its Swedish forest assets into its own listed company. The division is supposed to take place during the first half of 2027. The new company will be listed on both the Helsinki and Stockholm stock exchanges.