paper Mondi’s bonds show approval

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Paper REUTERS Picture: Reuters.

Investors are showing their approval for Mondi’s takeover last year of Nordenia International by sending bond yields of Europe’s largest maker of office paper to record lows


Yields on Mondi’s euro-denominated notes due in April 2017 were trading at a premium of 165 basis points to similarly dated German bunds by 11.17am yesterday, down from 424 basis points a year ago.

Mondi bought Nordenia from Oaktree Capital Management in July last year. – Bloomberg

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