DANONE --------- PRESS RELEASE ---------
Paris, January 7, 2015
Danone launches a successful dual-tranche €1.3 billion bond issue
Danone announced the successful launch of a €1.3 billion dual-tranche bond issue in euros on January 7, 2015.
An integral part of financing for Danone and its development, this issue enables the group to extend the maturity of its debt in a market favorable to quality bond issues.
The issue consists of two tranches:
- a tranche of 5-year floating rate notes of €550 million (coupon of Euribor 3 months +33 basis points);
- a tranche of 10-year fixed rate bonds of €750 million, priced at mid swap +48 basis points (coupon of 1.125%).
It was widely subscribed by a diversified investor base. The bonds will be listed on Euronext Paris.
Danone is rated A-, negative outlook, by Standard & Poor's and Baa1, stable outlook, by Moody's.
About Danone
Danone is an international company present on five continents. The group holds top positions in healthy food through four businesses: Fresh Dairy Products, Early Life Nutrition, Waters, and Medical Nutrition. Its mission is to bring health through food to as many people as possible.
Danone has more than 190 production plants and around 104,000 employees. In 2013, it generated sales of over €21 billion, with more than half in emerging countries.
Listed on Euronext Paris, Danone is a component stock of leading social responsibility indexes including the Dow Jones Sustainability Index, Vigeo and the Ethibel Sustainability Index. Danone is also rated no. 1 in the 2013 ATNI Index.
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DANONE via Globenewswire
