Mondi plc
Incorporated in England and
Wales
Registered number: 6209386
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI
ISIN:
GB00B1CRLC47
JSE share code: MNP
27 March 2020
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 €750 million
Eurobond
Mondi has successfully launched a €750 million, 8-year Eurobond.
Proceeds of the issue, which is due to close on 1 April 2020, will be used for general corporate
purposes.
The Eurobond matures in April
2028, has a coupon of 2.375%, 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 BofA Securities, BNP Paribas, Commerzbank, Deutsche Bank, SEB
and UniCredit.
The Eurobond will be issued under Mondi's Euro Medium Term Note
(EMTN) programme, which is rated Baa1 by Moody's and BBB+ by
Standard and Poor's.
Andrew King, Group CEO designate,
said: “We are pleased to have successfully launched a €750 million
Eurobond today, which was supported by a wide group of European
institutional investors, extending our debt maturity profile and
further strengthening 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.
Contact details:
Mondi Group
James Paterson
Group Treasurer
+44 1932 826340
Clara Valera
Group Head of Strategy and Investor Relations
+44 1932 826357
About Mondi
Mondi is a global leader in packaging and paper, delighting
its customers and consumers with innovative packaging and paper
solutions that are sustainable by design. Our business is fully
integrated across the packaging and paper value chain - from
managing forests and producing pulp, paper and plastic films, to
developing and manufacturing effective industrial and consumer
packaging solutions. Sustainability is embedded in everything we
do. In 2019, Mondi had revenues of €7.27 billion and underlying
EBITDA of €1.66 billion.
Mondi has a premium listing on the London Stock Exchange (MNDI),
and a secondary listing on the JSE Limited (MNP). Mondi is a FTSE
100 constituent, and has been included in the FTSE4Good Index
Series since 2008 and the FTSE/JSE Responsible Investment Index
Series since 2007.
Sponsor in South Africa: UBS
South Africa Proprietary Limited.