(Finance) – Danonea French multinational food company, has issued a 700 million euro bond with a maturity of 6 years and a coupon of 3.481%. In line with active liquidity management, this issuance allows Danone to improve its financing flexibility, while extending the maturity of its debt, it said in a statement.
The bond issue was “widely subscribed to from a diversified investor base,” it is underlined.
The bonds will be listed on Euronext Paris. Danone has a BBB+ rating, stable outlook, from Standard & Poor’s and Baa1, stable outlook, from Moody’s.
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