Danone: E800m bond issue
(CercleFinance.com) - Danone announced yesterday that it has completed the placement of a E800m bond issue, with a maturity of 8 years and a coupon of 3.
This issue enables Danone to increase its financial leeway while extending the maturity of its debt, it said.
The issue was widely subscribed to by a diversified investor base, confirming the market's confidence in Danone's business model and in the quality of its credit profile.
Danone is rated BBB+, with a stable outlook, by Standard & Poor's and Baa1, again with a stable outlook, by Moody's.
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