Danone launches a successful €800 million bond issue

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As part of its permanent focus on optimizing its financing structure, Danone announces that it has successfully launched a €800 million bond issue on March 11, 2020.

The issue enables Danone to extend the maturity of its debt and to optimize its cost, taking advantage of current market window favoring quality bond issues. The issue, realized under Danone’s Euro Medium Term Note (EMTN) program, consists in a 7-year euro-denominated bond, at a fixed rate priced at mid-swap +0.93%, offering a coupon of 0.571%.

The settlement is expected to take place on March 17, 2020 and the bonds will be listed on Euronext Paris.

The bond issue was widely subscribed by a diversified investor base.

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

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