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Mondi issues €600m Eurobond to fund operations

March 11, 2025 at 09:00 PM UTCBy FilingReader AI

Mondi PLC (JSE:MNP) announced the launch of a €600 million, eight-year Eurobond, set to mature in May 2033 with a coupon rate of 3.75%. The proceeds from the bond issue, scheduled to close on March 18, 2025, will be allocated to general corporate purposes. An application has been made to admit the bond to trading on the London Stock Exchange's regulated market. BNP Paribas, Commerzbank, Deutsche Bank, SEB, and UniCredit acted as joint book-runners for the issue. Rated Baa1 by Moody's and A- by Standard and Poor's, the Eurobond will be issued under Mondi's Euro Medium Term Note (EMTN) programme. CFO Mike Powell stated that the issuance was well-received by European investors and will enhance the company's debt maturity profile and liquidity.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

JSE:MNPJohannesburg Stock Exchange

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