Sappi to save after knocking three-eighths off IPTs

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Sappi to save after knocking three-eighths off IPTs

Wood trees trunks timber for paper industry from Alamy 230x150

Sappi, the South African paper company, succeeded in issuing its €450m seven year non-call three year bond on Tuesday at a coupon that will save it money, compared with the bond it is replacing.

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