Mondelez sets 101.936 redemption price for $850 million 2.25% notes

By Wendy Van Sickle

Columbus, Ohio, Dec. 14 – Mondelez International, Inc. announced the redemption price for its $850 million of outstanding 2.25% notes due 2019.

The company will pay 101.936% of par plus accrued interest for a total of $1,027.7975 per $1,000 principal amount, according to a press release. As previously reported, the company will redeem the notes on Friday.

The redemption price was set using the greater of par and the sum of the present values of each remaining scheduled payment of principal and interest discounted to the redemption date on a semiannual basis at the Treasury rate plus 10 basis points, according to a previous company announcement.

The notes were issued Oct. 17, 2001.

Deutsche Bank Trust Co. Americas, as successor to Bank of New York, as successor to Chase Manhattan Bank, is the trustee.

Mondelez, formerly Kraft Foods Inc., is a snack company based in Deerfield, Ill.

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