Sappi motors through with pulp on the charge

摘要

South African paper maker SAPPI was welcomed back into the primary market on Wednesday as rising pulp prices helped the company banish memories of last year's failed trade. Sappi placed an upsized €400m seven-year non-call three senior note arguably in line with fair value. The deal will refinance a €350m 4% bond falling due in April 2023 but callable next month.