In an effort to extend its debt maturity profile and diversify funding, French dairy giant Danone has launched a EUR1bn (US$1.3bn) bond issue.
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Launched yesterday (25 November), the issue attracted more than EUR4bn in orders and has been placed with a “diversified investor base”, Danone said.
Listed on the Luxembourg stock exchange, the bonds mature in five years and two months and offer a 6.375% coupon.
Danone is rated A- stable by Standard & Poor’s and A3 negative by Moody’s.
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