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IN BRIEF: Mondi launches €550 million eurobond for refinancing

ALN

Mondi PLC - Weybridge, England-based packaging firm - Launches a five-year €550 million eurobond. Eurobond matures in May 2031, with a coupon of 3.375%. Says it plans to use proceeds for refinancing of existing indebtedness, including the concurrent tender offer on its €600 million 1.625%. The new issue is due to close on October 23. ‘We are pleased to have successfully launched a €550 million eurobond today, which was supported by a wide range of European investors,’ Mondi Chief financial Officer Mike Powell says.

Current share price in London: 829.00 pence, down 1.6% on Thursday

12-month change: down 40%

Current share price in Johannesburg: R 191.39, down 1.7%

12-month change: down 40%

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