OREANDA-NEWS. September 24, 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."