JSE-listed dissolving pulp and paper-based solutions company Sappi says, owing to strong uptake from bondholders, it has accepted for purchase all the 2026 bonds tendered for its offer to buy its outstanding 3.125% senior notes, due in 2026. Sappi bought €209.6-million of the aggregate principal amount of the 2026 bonds in the tender offer, at a purchase price of 92.41% plus accrued and unpaid interest, yielding a capital gain of €15.9-million.
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