Mondi launches €500 million Eurobond

Press release Group news
23 May, 2024
2 minute read
Share article

Mondi has successfully launched a €500 million, 8-year Eurobond. Proceeds of the issue, which is due to close on 31 May 2024, will be used for general corporate purposes.

The Eurobond matures in May 2032, has a coupon of 3.75%, and an application will be made for it to be admitted to trading on the London Stock Exchange’s regulated market. The joint book-runners for the issue were Barclays, BBVA, BofA Securities, Erste Group and Raiffeisen Bank International.

The Eurobond will be issued under Mondi’s Euro Medium Term Note (EMTN) programme, which is rated Baa1 by Moody’s and A- by Standard and Poor’s.

We are pleased to have successfully launched a €500 million Eurobond today, which was supported by a wide range of European investors. This bond will extend our debt maturity profile and further strengthen the Group’s liquidity position.
Mike Powell, Chief Financial Officer

Enquiries