Helsinki (News release) - UPM-Kymmene Corporation has applied for listing of a EUR 600 million Green Bond under its Euro Medium Term Note (EMTN) programme to Irish Stock Exchange plc, trading as Euronext Dublin.

The bond matures in August 2034 and pays a fixed annual coupon of 3.375% and is rated BBB+ by S&P Global Ratings.

The net proceeds of the issue will be used to finance and/or refinance Eligible Projects and Assets under UPM's updated Green Finance Framework from November 2023.

The EMTN Base Prospectus, the Supplement to the EMTN Base Prospectus, the Green Finance Framework and the Final Terms are available on UPM's website at www.upm.com/investors/upm-as-an-investment/debt/.