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Tag: Svenska Cellulosa Aktiebolaget

  • Swedish giant to acquire 13.000 hectares of forest land in Latvia

    Swedish giant to acquire 13.000 hectares of forest land in Latvia

    Svenska Cellulosa Aktiebolaget (SCA) has signed an agreement to acquire forest land in Latvia. The acquisition comprises an area of 19.150 hectares, of which 13.100 is forest land.

    The purchase price is EUR 44.5m, approximately SEK 450m.

    The standing timber volume amounts to 1.8 million m3fo. Some areas of the acquired land that are not forest land, will be divested.

    SCA has so far acquired 30.000 hectares of forest land in Estonia and Latvia.

    The seller is Isnaudas Forest Holding AB and the acquisition is expected to be closed in the fourth quarter of 2020.

  • Svenska Cellulosa Aktiebolaget issues bonds for SEK 2.5 billion

    Svenska Cellulosa Aktiebolaget issues bonds for SEK 2.5 billion

    Svenska Cellulosa Aktiebolaget (SCA) issued new bonds under the companys’ Medium Term Note programme (MTN).

    The total issuance amounted SEK 2.5 billion, of which SEK 1.3 billion with a 5 year maturity with fixed and floating rates, and SEK 1.2 billion with a seven year maturity with fixed rates.

    The interest rate margin was 0.80% per annum on the five year bond and 1.10% per annum on the seven year bond.

    The proceeds from the bond issue will be used for general corporate purposes, including the re-financing of outstanding bonds and other short term debt.

    Handelsbanken Capital Markets and Swedbank acted as Joint Bookrunners for the transaction. The bonds will be listed on Nasdaq Stockholm.