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Danone Bolsters Funding Flexibility with €700 Million Bond Issue

World 29.04.2024
Source: The DairyNews
1222 EN 中文 DE FR عربى
Danone has announced the successful issuance of a €700 million bond today, featuring a 6-year maturity and a 3.481% coupon rate.
Danone Bolsters Funding Flexibility with €700 Million Bond Issue
Aligned with the company's strategic approach to active liquidity management, this bond issuance allows Danone to strengthen its funding flexibility while extending the maturity of its debt obligations.

Settlement for the bond issue is slated for May 3, 2024, with the bonds set to be listed on Euronext Paris.

The issuance garnered widespread interest from a diverse investor base, underscoring the robust confidence in Danone's business model and credit profile.

Danone holds a BBB+ rating with a stable outlook from Standard & Poor’s and a Baa1 rating with a stable outlook from Moody’s, affirming its solid creditworthiness in the market.

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