Danone Successfully Issues €700 Million Bond
Source: DairyNews.today
Danone has announced the successful issuance of a €700 million bond with a 7-year maturity and a 3.20% coupon. The bond, issued as part of Danone's strategic liquidity management, enhances the company's funding flexibility and extends its debt maturity profile.
Settlement for the bond is scheduled for September 12, 2024, and the bonds will be listed on Euronext Paris. The issuance attracted strong demand from a diverse range of investors, reflecting high confidence in Danone's business model and creditworthiness.
Danone holds credit ratings of BBB+ with a stable outlook from Standard & Poor’s and Baa1 with a stable outlook from Moody’s.
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