Mondi issues 8-year Eurobond
Paper and packaging firm Mondi has raised half a billion euros through the issue of a Eurobond, due to mature in September 2020.
Paper and packaging firm Mondi has raised half a billion euros through the issue of a Eurobond, due to mature in September 2020.
A Eurobond is an international bond which is denominated in a currency other than those native to the country where it is issued.
Proceeds from the sale of the bonds, which carry a coupon of 3.375%, will be used for general corporate purposes.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Andrew King, Mondi's Chief Financial Officer, said: "We are delighted with the support for our 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."
The Eurobond will be issued under Mondi 's European Medium Term Note programme, which is rated Baa3 by Moody's and BBB- by Standard and Poor's.
Mondi's share price rose 0.56% to 626.50p by 08:16.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Carers retire with an average pension of just £6,750
A growing pensions gap shows carers retire with significantly less private pension income than the national average
-
8 of the best properties for sale with award-winning gardens
The best properties for sale with award-winning gardens – from a Victorian Gothic rectory in Hampshire, to a Georgian house in Kent with gardens designed by multiple Royal Chelsea Flower Show gold medallist Roger Platts