Ahold Delhaize: launches 500 million euro 7-year bond

(CercleFinance.com) - Ahold Delhaize said it launched on Wednesday a 500 million euro bond maturing in seven years, which was placed with a broad range of institutional investors across Europe.


This fixed rate bond will bear a coupon of 1.75% per annum and will mature in 2027, the Belgo-Dutch supermarket group said.

The senior unsecured issue - which is expected to be assigned BBB/Baa1 credit ratings by S&P and Moody's respectively - will be used to refinance debt and for general corporate purposes, the retailer said.

BNP Paribas, Goldman Sachs, JPMorgan and Merrill Lynch served as joint lead managers.

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