Guaranteed US$ 750 Million Bond Offering by Sappi Papier Holding AG

Sign In | Become a Member | Contact Us

Editions North America | Europe | Magazine

Guaranteed US$ 750 Million Bond Offering by Sappi Papier Holding AG

Monday, June 10, 2002

Press release from the issuing company

JOHANNESBURG, South Africa--June 6, 2002--Sappi Limited, a global coated fine paper manufacturer, announced today that it has guaranteed a US$ 750 million bond offering by its subsidiary, Sappi Papier Holding AG. The issue is a two-tranche offering of US$ 500 million 10-year and US$ 250 million 30-year. The bonds carry fixed coupons of 6.75% for the 10-year tranche and 7.50% for the 30-year tranche, equating to spreads of 175 and 195 basis points, respectively, over the relevant US Treasury bonds. The proceeds will be used to repay existing shorter term debt.

Visit InkjetInsight.com

WhatTheyThink is the official show daily media partner of drupa 2024. More info about drupa programs

Member Center
Renew membership, reset password, set email and notification preferences

Submit Your News

Sponsorship Programs

Media Planner

Syndication and News Licensing

Reprints

Terms

BECOME A MEMBER TO RECEIVE ACCESS TO EXCLUSIVE COMMENTARY AND ANALYSIS, INDUSTRY DATA, AND MARKET INTELLIGENCE IMPORTANT TO INDUSTRY EXECUTIVES.

Become a Member

About WhatTheyThink

WhatTheyThink is the global printing industry's go-to information source with both print and digital offerings, including WhatTheyThink.com, WhatTheyThink Email Newsletters, and the WhatTheyThink magazine. Our mission is to inform, educate, and inspire the industry. We provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today's printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.