29th Mar 2010 08:00
Mondi Limited(Incorporated in the Republic of South Africa)(Registration number: 1967/013038/06)JSE share code: MND ISIN: ZAE000097051Mondi plc(Incorporated in England and Wales)(Registration number: 6209386)JSE share code: MNP ISIN: GB00B1CRLC47LSE share code: MNDI
As part of the dual listed company structure, Mondi Limited and Mondi plc (together `Mondi Group') notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the JSE Listings Requirements and/or the Disclosure and Transparency and Listing Rules of the United Kingdom Listing Authority.
29 March 2010
MONDI launches inaugural €500 million Eurobond
Mondi is pleased to announce the successful launch of a €500 million, 7-year Eurobond. Proceeds of the issue will be used to pay down existing bank debt.
The Eurobond matures in April 2017, has a coupon of 5.75% and an application will be made for it to be listed on the London Stock Exchange. The joint book-runners for the issue are Barclays, Citi, BNP Paribas and The Royal Bank of Scotland Group plc.
The Eurobond will be issued under Mondi 's European Medium Term Note (EMTN) programme, which is rated Baa3 by Moody's and BB+ by Standard and Poor's, reflecting Mondi's leading market positions, well invested, low cost asset base and consistent focus on operating efficiency and performance.
Andrew King, Mondi's Chief Financial Officer, said: "We are delighted with the tremendous support for our inaugural bond issue from a wide group of European Institutional investors. The success of this transaction further strengthens the Group by diversifying our sources of funding and extending our debt maturity profile."
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Contact:
James Paterson +44 (0) 1932 826340
Andrew King +27 (0) 11 994 5415
Lora Rossler +27 (0) 31 451 2111 or [email protected]
About Mondi
Mondi is an international paper and packaging company, with production operations across 31 countries and revenues of €5.3 billion in 2009. The Group's key operations are located in western and emerging Europe, Russia and South Africa and employed 31,000 people on average in 2009.
Mondi is fully integrated across the paper and packaging process, from the growing of wood and the manufacture of pulp and paper (including recycled paper), to the conversion of packaging papers into corrugated packaging and industrial bags.
The Group is principally involved in the manufacture of uncoated fine paper (UFP), packaging paper and converted packaging products, as well as speciality products.
The Group has been recognised for its sustainability performance through its inclusion in the FTSE4Good UK, Europe and Global indices in 2008 and 2009 and the JSE's Socially Responsible Investment (SRI) Index in 2007, 2008 and 2009.
www.mondigroup.com
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