MONDI

Mondi Finance has launched a buyback offer for its guaranteed bonds of €600 million (maturity 27 April 2026, coupon 1.625%). The buyback price is 99.75% of nominal plus accrued interest; the offer runs from 16 to 23 October 2025, with expected settlement on 28 October 2025. The offer is conditional on the successful issuance of new euro-denominated bonds under a programme of up to €3 billion; BNP PARIBAS and Merrill Lynch International are acting as dealer managers. » Mais em de.investing.com

The UK Financial Conduct Authority (FCA) has approved the supplementary prospectus dated 15 October 2025 for Mondi Finance's guaranteed Euro Medium Term Note programme with a volume of €3,000,000,000. The supplementary prospectus should be read together with the base prospectus dated 7 March 2025 and has been filed with the National Storage Mechanism; it will soon be available via the FCA data portal. The prospectuses are directed only at investors resident in the jurisdictions specified therein and do not constitute an offer to US persons. » Mais em de.investing.com

Moody’s has affirmed Mondi’s long-term issuer rating at Baa1 but downgraded the outlook from “stable” to “negative.” The reason is persistently weak operating performance, a disappointing trading update for Q3, and a deterioration in credit metrics (adjusted gross debt/EBITDA close to 3.0x and retained cash flow/debt below 30%). Moody’s points to a sector downturn in the paper and packaging industry but sees rating supports in Mondi’s diversified profile, cost-efficient asset base, and strong liquidity. A return of the outlook to “stable” would be possible if the EBITDA margin rises above 15%, leverage falls below 2.0x, and retained cash flow/debt exceeds 30%. » Mais em de.investing.com