UPM-Kymmene: Rule 144a offering

Archive 24.10.1997 0:00 EEST

UPM-Kymmene Corporation has issued a USD 600 Yankee bond (144a). The issue consists of two branches, one being USD 225 million for ten years and another USD 375 million for years. The coupon for the ten year notes is 6 7/8% and for the 30 year notes 7.45%.
Standard & Poor´s and Moody´s have assigned BBB+ and Baal credit ratings to the issue. The lead manager of the issue was Merrill Lynch & Co. Chase Securities Inc., Citicorp Securities Inc. and Morgan Stanley Dean Witter acted as co-managers.
For further information: Mr. Olof Bärlund, Vice President, Treasury, tel. +358 204 15 0091