Danone successfully issues a €700 million bond
Rhea-AI Summary
Danone (DANOY) has successfully issued a €700 million bond with a 7-year maturity and a 3.20% coupon. The bond issuance, set to settle on September 12, 2024, aims to enhance the company's funding flexibility and extend its debt maturity. The bonds will be listed on Euronext Paris.
The issue was widely subscribed by a diverse investor base, demonstrating strong confidence in Danone's business model and credit profile. Danone maintains solid credit ratings with BBB+ (stable outlook) from Standard & Poor's and Baa1 (stable outlook) from Moody's. This successful bond issuance aligns with Danone's strategy for active liquidity management.
Positive
- Successful issuance of a €700 million bond, indicating strong market confidence
- Enhanced funding flexibility and extended debt maturity
- Wide subscription by diverse investors, reflecting trust in Danone's business model
- Solid credit ratings maintained (BBB+ from S&P, Baa1 from Moody's)
Negative
- None.
News Market Reaction
On the day this news was published, DANOY gained 0.14%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Press Release – Paris, September 5, 2024
Danone successfully issues a
Danone announces that it has issued today a
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 12, 2024 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 almost 90,000 employees, and products sold in over 120 markets, Danone generated
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FAQ
What is the size and maturity of Danone's (DANOY) new bond issuance in September 2024?
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What are Danone's (DANOY) current credit ratings as of September 2024?
