Advertisement

paper Mondi’s bonds show approval

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.

Picture: Reuters. Credit: REUTERS

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

SHOW ALL
Advertisement