M-Real buys back €59.95 million of its floaters due 2010 at a discount

By Susanna Moon

Chicago, April 22 - M-Real Corp. said it repurchased €59.95 million of its €400 million senior floating-rate notes due December 2010 in the open market.

The company booked a gain of €31 million from the repurchases.

M-Real is an Espoo, Finland-based supplier of paper, paperboard and related services for consumer packaging as well as communications and advertising end users.

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