Danone announced the successful launch of a € 1 billion 8-year bond issue in euros on November 7th, 2013.
Funds raised will enable Danone to fund its growth and extend the maturity of its debt at favorable market conditions.
The € 1 billion bond, priced at mid swap +53 basis points, pays a coupon of 2.25%, and was widely subscribed by a diversified investor base. The bonds will be listed on Euronext Paris.
Danone is rated A- stable by Standard & Poor’s and A3 stable by Moody’s.
