Haitong Bank signed a contract with Polish and Swedish graphical paper and pulp producer, Arctic Paper. Under the agreement, Haitong arranged a corporate bond issues for a total nominal value of PLN 100 million.
"Arctic Paper PLN 100 mn bond issue was carried out within a Issuers’ whole refinancing of the indebtedness structure for a total amount of approx. PLN 355 mn. Arctic Paper bond issue is the perfect example of a transaction where bods and syndicated bank loans can be organized with a common collateral package on a pari passu basis, based on Intercreditor agreement." — said Jarosław Riopka, from Debt Capital Markets, Haitong Bank.