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Danone Launches Successful €650 Million Bond Issue

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Danone Launches Successful €650 Million Bond Issue

Danone Launches Successful €650 Million Bond Issue
June 04
11:34 2013

Danone has announced the successful launch of a €650 million 6-year bond issue in euros on June 3rd, 2013. Funds raised will enable Danone to diversify its sources of finance and extend the maturity of its debt at favorable market conditions.

The €650 million bond, priced at mid swap +30 basis points, pays a coupon of 1.375%, and was widely subscribed by a diversified investor base. The bonds will be listed on Euronext Paris.

Danone is rated A- stable by Standard & Poor’s and A3 stable by Moody’s.

Citigroup, HSBC, Santander Global Banking & Markets and Société Générale Corporate & Investment Banking were lead managers.

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