Mondi launches €500 million Eurobond
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550
Mondi plc
(Incorporated in England and Wales)
(Registered 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 ("JSE") and the London
Stock Exchange of matters required to be disclosed under the JSE Listings
Requirements and/or the Disclosure Rules and Transparency Rules and/or the
Listing Rules of the United Kingdom Listing Authority.
Mondi launches €500 million Eurobond
NOT FOR DISTRIBUTION TO ANY PERSON OR ADDRESS IN THE UNITED STATES OF AMERICA,
ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT
OF COLUMBIA (THE "UNITED STATES") OR TO THE U.S. PERSONS
Friday 21 September 2012
Mondi is pleased to announce the successful launch of a €500 million, 8-year
Eurobond. Proceeds of the issue will be used for general corporate purposes.
The Eurobond matures in September 2020, has a coupon of 3.375%, and an
application will be made for it to be listed on the London Stock Exchange. The
joint book-runners for the issue were Barclays, Deutsche Bank, The Royal Bank
of Scotland and UniCredit.
The Eurobond will be issued under Mondi 's European Medium Term Note (EMTN)
programme, which is rated Baa3 by Moody's and BBB- by Standard and Poor's,
reflecting Mondi's leading market positions, the well invested, low cost assets
base, customer focused development and consistent focus on operating
efficiency.
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."
THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES OR TO U.S. PERSONS. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN
OFFER TO SELL OR A SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITIES IN THE
UNITED STATES OR TO U.S. PERSONS. THE SECURITIES REFERRED TO HAVE NOT BEEN AND
WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT") OR THE LAWS OF ANY STATE WITHIN THE UNITED STATES, AND MAY
NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO OR FOR THE ACCOUNT OR BENEFIT
OF U.S. PERSONS (AS SUCH TERM IS DEFINED IN REGULATION S UNDER THE SECURITIES
ACT), EXCEPT IN A TRANSACTION NOT SUBJECT TO, OR PURSUANT TO AN APPLICABLE
EXEMPTION FROM, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR ANY
STATE SECURITIES LAWS. NO OFFERING OF THE SECURITIES IS BEING MADE, AND THERE
WILL BE NO PUBLIC OFFER OF THE SECURITIES IN THE UNITED STATES OR IN ANY OTHER
JURISDICTION.
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.
Contact:
Mondi Group
Andrew King
Group CFO
Tel: +27 (0)11 994 5415
E-mail: andrew.king@mondigroup.com
James Paterson
Group Treasurer
Tel: +44 (0)1932 826340
E-mail: james.paterson@mondigroup.com
About Mondi:
Mondi is an international packaging and paper Group, with production operations
across 28 countries and revenues of EUR5.7 billion in 2011. The Group's key
operations are located in central Europe, Russia and South Africa and as at the
end of 2011, Mondi employed 23,400 people.
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,
industrial bags and coatings. The Group is principally involved in the
manufacture of packaging paper, converted packaging products and uncoated fine
paper (UFP).
Mondi has a dual listed company structure, with a primary listing on the JSE
Limited for Mondi Limited under the ticker code MND and a premium listing on
the London Stock Exchange for Mondi plc, under the ticker code MNDI. The Group
has been recognised for its sustainability through its inclusion in the
FTSE4Good UK, Europe and Global indices since 2008 and the JSE's Socially
Responsible Investment (SRI) Index since 2007.
Sponsor in South Africa: UBS South Africa (Pty) Ltd
Latest directors dealings
- 1 day ago Savannah Energy
- 1 day ago Buccaneer Energy PLC
- 1 day ago Savannah Energy
- 1 day ago Carclo
- 1 day ago Schroder Japan Growth Fund