| Mon 29 Mar 2010, 8:44 | | MND / MNP - Mondi Limited / Mondi plc - Mondi laun |
|
MND MNP
MND MNP
MND / MNP - Mondi Limited / Mondi plc - Mondi launches inaugural Euro500 million
Eurobond
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000097051
Mondi plc
(Incorporated in England and Wales)
(Registration number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE 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 Euro500 million Eurobond
Mondi is pleased to announce the successful launch of a Euro500 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."
/ends
Contact:
James Paterson +44 (0) 1932 826340
Andrew King +27 (0) 11 994 5415
Lora Rossler +27 (0) 31 451 2111 or lora.rossler@mondigroup.co.za
About Mondi
Mondi is an international paper and packaging company, with production
operations across 31 countries and revenues of Euro5.3 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
Date: 29/03/2010 08:00:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
