By Jaime Llinares Taboada

Associated British Foods PLC said Thursday that it has successfully launched its inaugural public bond to raise 400 million pounds ($541.4 million).

The British food and retail conglomerate said that the 2.5% bonds are due in 2034, and are expected to be rated 'A' by S&P Global Ratings.

"These bonds will diversify the source of funding for the group. They will enhance our liquidity and support the continued investment for growth in our businesses," Finance Director John Bason said.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

February 10, 2022 02:31 ET (07:31 GMT)

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