Danone launches a successful €800 million bond issue
11 Marzo 2020 - 6:53PM
Danone launches a successful €800 million bond issue
Press Release – Paris, March 11, 2020
Danone
launches a successful €800 million bond issue
As part of its permanent focus on optimizing its
financing structure, Danone announces that it has successfully
launched a €800 million bond issue on March 11, 2020.
The issue enables Danone to extend the maturity
of its debt and to optimize its cost, taking advantage of current
market window favoring quality bond issues. The issue, realized
under Danone’s Euro Medium Term Note (EMTN) program, consists in a
7-year euro-denominated bond, at a fixed rate priced at mid-swap
+0.93%, offering a coupon of 0.571%.
The settlement is expected to take place on
March 17, 2020 and the bonds will be listed on Euronext Paris.
The bond issue was widely subscribed by a
diversified investor base.
Danone is rated BBB+, stable outlook, by
Standard & Poor’s and Baa1, stable outlook, by Moody’s.
About Danone (www.danone.com)
Dedicated to bringing health through food to as
many people as possible, Danone is a leading global food &
beverage company building on health-focused and fast-growing
categories in 3 businesses: Essential Dairy & Plant-Based,
Waters and Specialized Nutrition. Danone aims to inspire healthier
and more sustainable eating and drinking practices, in line with
its ‘One Planet. One Health’ vision which reflects a strong belief
that the health of people and that of the planet are
interconnected. To accelerate the food revolution and create
superior, sustainable, profitable value for all its stakeholders,
Danone has defined nine 2030 Goals, aligned with the Sustainable
Development Goals (SDGs) of the United Nations. Danone commits to
operating in an efficient, responsible and inclusive manner, as
reflected by its ambition to become one of the first multinationals
certified as B CorpTM. With more than 100,000 employees, and
products sold in over 120 markets, Danone generated €25.3 billion
in sales in 2019. Danone’s portfolio includes leading international
brands (Actimel, Activia, Alpro, Aptamil, Danette, Danio, Danonino,
evian, Nutricia, Nutrilon, Volvic, among others) as well as strong
local and regional brands (including AQUA, Blédina, Bonafont, Cow
& Gate, Horizon, Mizone, Oikos, Prostokvashino, Silk, Vega).
Danone is committed to leading the battle against climate change by
putting climate actions even more at the core of its growth model,
joining people’s fight for climate and nature with the power of its
brands. Danone is one of only 6 companies worldwide with a ‘triple
A’ score by CDP in recognition of its leading environmental efforts
to tackle climate change, fight deforestation and protect water
cycles.Listed on Euronext Paris and on the OTCQX market via an ADR
(American Depositary Receipt) program, Danone is a component stock
of leading sustainability indexes including the Dow Jones
Sustainability Indexes, Vigeo Eiris, Sustainalytics, the Ethibel
Sustainability Index, MSCI Global Sustainability, MSCI Global SRI
Indexes, the FTSE4Good Index and Bloomberg Gender Equality
Index.
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