BRIEF-Sappi Announces Launch Of Offering Of Senior, Unsecured, Convertible Registered Bonds Due In 2025
Nov 18 (Reuters) - Sappi Ltd SAPJ.J :
* JSE: SAP - SSA07 - SAP SSAI - SAPPI SOUTHERN AFRICA LIMITED SENIOR UNSECURED CONVERTIBLE REGISTERED BOND OFFERING
* SAPPI LTD - LAUNCH OF OFFERING OF SENIOR, UNSECURED, CONVERTIBLE REGISTERED BONDS DUE IN 2025 WITH AGGREGATE PRINCIPAL AMOUNT OF ABOUT ZAR1.75 BILLION
* SAPPI - INTENDS TO USE NET PROCEEDS FROM BONDS TO FUND REMAINING CAPITAL EXPENDITURE REQUIRED TO EXPAND SAICCOR MILL ("SAICCOR") IN SOUTH AFRICA
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