Mondelez International Inc., founded in 2012 and headquartered in Deerfield, Illinois, is a global leader in the snack food industry, specializing in the manufacturing and marketing of packaged snacks, biscuits, chocolate, and beverages. The company is known for its iconic brands, including Oreo, Cadbury, and Ritz, positioning itself as a key player in the evolving consumer preferences toward convenient and indulgent snacks.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Mondelez has a robust history of bond issuances, having first entered the bond market shortly after its 2012 spin-off from Kraft Foods. Among significant issuances, the company raised $1.5 billion in a three-part bond offering in 2020, which featured maturities ranging from 5 to 30 years. Mondelez's bonds currently exhibit yields that are competitive within the packaged goods industry's average, reflecting the company's strong credit ratings. The bonds also have features such as call options, allowing for potential refinancing opportunities. Recent news indicates that Mondelez is looking to capitalize on favorable market conditions to further optimize its capital structure through bond issuance.