UPM-Kymmene, the Finnish forestry product manufacturer, will next week begin a roadshow for a dual currency benchmark bond to part refinance the acquisition of Haindl, the German magazine paper maker, that was completed in November.

The euro- and sterling-denominated transaction, which will be lead managed by Barclays Capital, Deutsche Bank and Schroder Salomon Smith Barney, will be the borrower's first since raising €250m ($225.8m) via Salomon Brothers in September 1999.