Mondi
plc
(Incorporated in England and Wales)
(Registered
number: 6209386)
LEI: 213800LOZA69QFDC9N34
LSE share
code: MNDI ISIN: GB00BMWC6P49
JSE share
code: MNP
23 May 2024
NOT
FOR DISTRIBUTION IN OR INTO THE
UNITED STATES OR
FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN
REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933) OR IN OR INTO
ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE
PROHIBITED BY APPLICABLE LAW
Mondi
launches €500 million Eurobond
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.
Mike Powell, CFO, Mondi
Group, said “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.”
THIS
ANNOUNCEMENT IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY IN OR
INTO THE
UNITED STATES OR
FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN
REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933 (THE
“SECURITIES
ACT”)).
THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL SECURITIES OR THE
SOLICITATION OF ANY OFFER TO BUY SECURITIES, NOR SHALL THERE BE ANY
OFFER OF SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER OR SALE
WOULD BE UNLAWFUL.
This
communication is directed only at (i) persons who are outside
the United
Kingdom, (ii) persons in the United
Kingdom who
have professional experience in matters related to investments and
who are investment professionals within the meaning of Article
19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (as amended) of the United
Kingdom (the
"Financial
Promotion Order");
(iii) persons who fall within Articles 49(2)(a) to (d) ("high net
worth companies, unincorporated associations etc.") of the
Financial Promotion Order; and (iv) any other persons to whom this
communication may otherwise lawfully be directed (all such persons
together being referred to as "relevant persons"). This
communication must not be acted on or relied on by other persons in
the United
Kingdom. Any investment or investment activity to which this
communication relates is available only to relevant persons and
will be engaged in only with relevant persons. This communication
must not be acted on or relied on by persons who are not relevant
persons.
Enquiries
Fiona Lawrence +44
742 587 8683
Group Head
of Investor Relations
James Paterson +44
799 053 4384
Group
Treasurer
Editor´s
notes
Mondi is a
global leader in packaging and paper, contributing to a better
world by producing products that are sustainable by design. We
employ 22,000 people in more than 30 countries and operate an
integrated business with expertise spanning the entire value chain,
enabling us to offer our customers a broad range of innovative
solutions for consumer and industrial end-use applications.
Sustainability is at the centre of our strategy, with our ambitious
commitments to 2030 focused on circular driven solutions, created
by empowered people, taking action on climate.
In 2023,
Mondi had revenues of €7.3 billion and underlying EBITDA of €1.2
billion. Mondi has a premium listing on the London Stock Exchange
(MNDI), where the Group is a FTSE100 constituent, and also has a
secondary listing on the JSE Limited (MNP).
mondigroup.com
Sponsor
in South
Africa: Merrill Lynch South Africa Proprietary Limited t/a
BofA Securities.