Kering - Four-tranche bond issue for a total amount of EUR 3.8 billion
29 Agosto 2023 - 6:43PM
Kering - Four-tranche bond issue for a total amount of EUR 3.8
billion
PRESS RELEASE |
August 29, 2023 |
FOUR-TRANCHE BOND
ISSUE FOR A TOTAL AMOUNT OF
EUR 3.8
BILLION
Kering has issued a four-tranche bond for a
total of EUR 3.8 billion, consisting of
- a EUR 750 million tranche with a
2-year maturity and a 3.75% coupon,
- a EUR 750 million tranche with a
4-year maturity and a 3.625% coupon,
- a EUR 1 billion tranche with a
8-year maturity and a 3.625% coupon,
- a EUR 1.3 billion tranche with a
12-year maturity and a 3.875% coupon.
This issue, in line with the Group’s active
liquidity management, enables Kering to enhance its financial
flexibility and, notably, to finance the acquisition of Creed.
The great success of this issue with investors
underscores the market’s confidence in the credit quality of the
Group. Kering’s long-term debt is rated “A” with a stable outlook
by Standard & Poor's.
About Kering
A global Luxury group, Kering manages the
development of a series of renowned Houses in Fashion, Leather
Goods and Jewelry: Gucci, Saint Laurent, Bottega Veneta,
Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo,
Qeelin, Ginori 1735 as well as Kering Eyewear and Kering Beauté. By
placing creativity at the heart of its strategy, Kering enables its
Houses to set new limits in terms of their creative expression
while crafting tomorrow’s Luxury in a sustainable and responsible
way. We capture these beliefs in our signature: “Empowering
Imagination”. In 2022, Kering had over 47,000 employees and revenue
of €20.4 billion.
Contacts
Press |
|
|
Emilie
Gargatte |
+33 (0)1 45 64 61
20 |
emilie.gargatte@kering.com |
Marie de
Montreynaud |
+33 (0)1 45 64 62
53 |
marie.demontreynaud@kering.com |
|
|
|
Analysts/investors |
|
|
Claire
Roblet |
+33 (0)1 45 64 61
49 |
claire.roblet@kering.com |
Julien
Brosillon |
+33 (0)1 45 64 62
30 |
julien.brosillon@kering.com |
- Press release - Bond issue - August 2023
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