New bond issue: Sappi sells EUR 250m in 2018 bonds with 6.625% coupon
Sappi (South Africa) on April 4, 2011 placed EUR 250m in bonds with a 6.625% coupon, maturing in 2018. The bond was priced at 100.0% to yield 6.625%. Citigroup, Credit Agricole, JP Morgan, KBC Bank, RBS, UniCredit arranged the deal.
Issuer, issue number: Sappi, 2018, EUR
Type of debt instrument: Eurobonds
Issue status: outstanding
Par, currency of issue: EUR, 100000
Amount: 250 000 000
ISIN: XS0615932331
End of placement: Apr 04 2011
Issue price: 100
Yield at Pricing: 6.625%
Coupon: 6.625%
Coupon frequency: 2 time(s) per year
Settlement Date: Apr 14 2011
Maturity date: Apr 15 2018
Issue Managers: Citigroup, Credit Agricole, JP Morgan, KBC Bank, RBS, UniCredit
Issuer profile:
Sappi is a producer of coated fine paper and chemical cellulose. The company conducts its business through three business units: Sappi Fine Paper, Sappi Forest Products and Sappi Trading. Sappi Fine Paper is managed through three regional business units: Sappi Fine Paper North America, Sappi Fine Paper Europe and Sappi Fine Paper South Africa. Sappi Fine Paper has manufacturing and marketing facilities in North America, Europe, Southern Africa and Asia. It also manufactures uncoated graphic and business paper, coated and uncoated specialty paper, and casting release paper used in the manufacture of artificial leather and textured polyurethane applications. Sappi Forest Products, based in Southern Africa, produces commodity paper products, pulp, chemical cellulose and forest and timber products for Southern Africa and export markets. Founded in 1936 and headquartered in Johannesburg (South Africa), the company sells its products to merchants, converters, printers, publishers and other direct customers.
Outstanding issues:
2 issue(s) outstanding worth EUR 600 000 000
2 issue(s) outstanding worth USD 650 000 000