Mondi plc Launches €550 Million Eurobond to Strengthen Liquidity
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Mondi plc has launched a €550 million Eurobond maturing in May 2031 with a 3.375% coupon to refinance existing debt and enhance liquidity. The bond will be traded on the London Stock Exchange and is part of Mondi’s Euro Medium Term Note programme, rated Baa1 by Moody’s and BBB+ by S&P. Analysts rate Mondi stock as Hold with a £10.00 target, reflecting mixed financial performance and bearish indicators. Mondi, a leader in sustainable packaging and paper, reported €7.4 billion in revenues for 2024.
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