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Sappi: Paper producer sells R5.8bn in bonds

2015-03-16 08:07:30| Paper - Topix.net

SAPPI, the world's largest producer of glossy paper, said it sold e 450 million in bonds at the company's lowest coupon on record to refinance existing debt. The Johannesburg-based company would save about $25 million a year in interest charges after selling the debt at 3.375 percent, Sappi said on Friday.

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