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

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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