Danone successfully issues a €600 million bond

Rhea-AI Summary

Danone has successfully issued a €600 million bond with a 10-year maturity and a 3.071% coupon as of August 31, 2022. This move is part of the company’s liquidity management strategy, aimed at enhancing funding flexibility and extending debt maturity. The bond issue, expected to settle on September 7, 2022, attracted diverse investors, showcasing confidence in Danone's business model. Danone holds a BBB+ rating from Standard & Poor’s and Baa1 from Moody’s, reflecting a stable outlook.

Positive

• Successfully issued a €600 million bond
• 10-year maturity with a 3.071% coupon enhances liquidity management
• Wide subscription by a diversified investor base demonstrates confidence in Danone's business model
• Stable ratings of BBB+ from S&P and Baa1 from Moody's

Negative

• None.

Press Release – Paris, August 31, 2022

Danone successfully issues a €600 million bond  

Danone announces that it has issued today a €600 million bond with a 10-year maturity and a 3.071% coupon.

In line with the company’s active liquidity management, this issue enables Danone to enhance its funding flexibility while extending the maturity of its debt.

The settlement is expected to take place on September 7, 2022 and the bonds will be listed on Euronext Paris.

The bond issue was widely subscribed by a diversified investor base, confirming the high confidence in Danone’s business model and credit profile.

Danone is rated BBB+, stable outlook, by Standard & Poor’s and Baa1, stable outlook, by Moody’s.

About Danone (www.danone.com)

Danone is a leading global food and beverage company operating in three health-focused, fast-growing and on-trend categories: Essential Dairy & Plant-Based products, Waters and Specialized Nutrition. With a long-standing mission of bringing health through food to as many people as possible, Danone aims to inspire healthier and more sustainable eating and drinking practices while committing to achieve measurable nutritional, social, societal and environment impact. Danone has defined its Renew strategy to restore growth, competitiveness, and value creation for the long-term. With 100,000 employees, and products sold in over 120 markets, Danone generated €24.2 billion in sales in 2021. Danone’s portfolio includes leading international brands (Actimel, Activia, Alpro, Aptamil, Danette, Danio, Danonino, evian, Nutricia, Nutrilon, Volvic, among others) as well as strong local and regional brands (including Aqua, Blédina, Bonafont, Cow & Gate, Mizone, Oikos and Silk). Listed on Euronext Paris and present on the OTCQX market via an ADR (American Depositary Receipt) program, Danone is a component stock of leading sustainability indexes including the ones managed by Vigeo Eiris and Sustainalytics, as well as the Ethibel Sustainability Index, the MSCI ESG Indexes, the FTSE4Good Index Series, Bloomberg Gender Equality Index, and the Access to Nutrition Index. By 2025, Danone aims to become one of the first multinational companies to obtain global B Corp™ certification.

l B Corp™ certification.

Attachment

• danone310822pr

FAQ

What are the details of Danone's €600 million bond issue?

Danone issued a €600 million bond with a 10-year maturity and a 3.071% coupon on August 31, 2022.

When is the settlement date for Danone's bond issue?

The settlement for the bond issue is expected to take place on September 7, 2022.

What is the significance of Danone's bond issue?

The bond issue enhances Danone's funding flexibility and extends the maturity of its debt.

How did investors respond to Danone's bond issue?

The bond issue was widely subscribed by a diversified investor base, reflecting strong confidence in Danone's business model.

What credit ratings does Danone hold?

Danone is rated BBB+ by Standard & Poor’s and Baa1 by Moody’s, both with stable outlooks.