Mondi PLC - Weybridge, England-based packaging firm - Launches a EUR600 million, eight-year eurobond, with a coupon of 3.75%. The bond matures in May 2033. Says proceeds of the issue, which is due to close on Tuesday next week, will be used for general corporate purposes. "We are pleased to have successfully launched a EUR600 million Eurobond today, which was supported by a wide range of European investors," Mondi Chief Executive Officer Mike Powell says.
Current stock price in London: 1,246.00 pence, down 0.6% on Tuesday
12-month change: down 7.5%
Current stock price in Johannesburg: ZAR295.87, up 0.1%
12-month change: down 8.9%
By Artwell Dlamini, Alliance News reporter
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Mondi (MNDI)
