Sappi To Launch A Us Dollar Denominated Bond Offer
Sappi to Launch a US Dollar Denominated Bond Offering
Sappi Limited
Not for release or distribution in the United States, Japan, France, Canada
or Australia
Johannesburg, 29 May 2002.
Sappi Papier Holding AG, Guaranteed by Sappi Limited and Sappi International
SA, to Launch a US Dollar Denominated Bond Offering
Sappi Papier Holding AG ("SPH") is planning to launch an inaugural benchmark
US dollar denominated bond offering subject to market conditions. The bonds
are expected to be fully and unconditionally guaranteed on an unsecured
basis by Sappi Limited and Sappi International SA. SPH intends to use the
proceeds of the issue to repay borrowings under existing credit facilities
and for general corporate purposes.
Application has been made to list the bonds on the Luxembourg Stock
Exchange.
The joint-lead underwriters and bookrunners for the offering are JP Morgan
and Salomon Smith Barney, with Morgan Stanley acting as joint-lead manager.
end
Not for release or distribution in the United States, Japan, France, Canada
or Australia
This announcement does not constitute an offer of securities for sale in the
United States. The securities referred to herein have not been and will not
be registered under the US Securities Act of 1933, as amended, and may not
be offered or sold in the United States absent registration or an exemption
from registration. The Company does not intend to conduct a public offering
of securities in the United States.
There shall not be any offer, solicitation or sale of these securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of such
jurisdiction. Neither this announcement nor any copy hereof may be taken or
transmitted into the United States, Japan, France, Canada or Australia or
distributed directly or indirectly in the United States, Japan, France,
Canada or Australia.
Issued by:
Sappi Limited
For further information:
Andre Oberholzer
Corporate Affairs & Communication Manager
Sappi Limited
Tel +27 (0) 11 407 8044
Fax +27 (0) 11 403 8236
Cel +27 (0) 82 906 0638
Andre.oberholzer@za.sappi.com
Date: 29/05/2002 05:41:00 PM Produced by the SENS Department
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