22/08/2024 | Press release | Distributed by Public on 22/08/2024 20:23
Issuer: |
Mondelēz International, Inc. (the "Company")
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Description of Securities: |
$500,000,000 4.750% Notes due 2034 (the "Notes")
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Trade Date: |
August 22, 2024
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Settlement Date: |
August 28, 2024 (T+4)
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Maturity Date: |
August 28, 2034
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Issue Price (Price to Public): |
99.779% of the principal amount
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Benchmark Treasury: |
3.875% due August 15, 2034
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Benchmark Treasury Price / Yield: |
100-04+ / 3.858%
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Spread to Benchmark Treasury: |
+92 bps
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Yield to Maturity: |
4.778%
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Coupon: |
4.750%
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Interest Payment Dates: |
Semi-annually on February 28 and August 28 of each year, commencing February 28, 2025.
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Day Count Convention: | 30/360 |
Optional Redemption: |
Prior to May 28, 2034 (the date that is three months prior to the scheduled maturity date for the Notes) (the "Par Call Date"), the Company may redeem the Notes, at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of the principal amount and rounded to three decimal places) equal to the greater of:
(1)(a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Preliminary Prospectus Supplement) plus 15 basis points, less (b) interest accrued to the date of redemption, and
(2)100% of the principal amount of the Notes to be redeemed,
plus, in either case, accrued and unpaid interest, if any, thereon to, but excluding, the redemption date.
On or after the Par Call Date, the Company may redeem the Notes, at its option, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the Notes being redeemed, plus accrued and unpaid interest, if any, thereon to, but excluding, the redemption date.
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Denominations: | $2,000 x $1,000 |
CUSIP / ISIN: |
609207BE4 / US609207BE44
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Anticipated Long-Term Senior Unsecured Debt Ratings*: |
Moody's: Baa1 (Stable)
S&P: BBB (Stable)
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Underwriters: |
Joint Book-Running Managers:
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BBVA Securities Inc. J.P. Morgan Securities LLC Mizuho Securities USA LLC Wells Fargo Securities, LLC |
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Senior Co-Managers: | |
NatWest Markets Securities Inc.
Standard Chartered Bank
SMBC Nikko Securities America, Inc.
Truist Securities, Inc.
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Co-Managers: | |
Bancroft Capital, LLC
Blaylock Van, LLC
C.L. King & Associates, Inc.
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