Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Danone
  6. News
  7. Summary
    BN   FR0000120644

DANONE

(BN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Danone : EUR 1 000 000 000 - 0.00% - December 2025

10/09/2021 EST

MiFID II PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ELIGIBLE

COUNTERPARTIES ONLY TARGET MARKET - Solely for the purposes of each manufacturers' product approval process, the target market assessment in respect of the Notes, taking into account the five categories referred to in item 18 of the Guidelines published by ESMA on 5 February 2018, has led to the conclusion that: (i) the target market for the Notes is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU, as amended ("MiFID II"); and (ii) all channels for distribution of the Notes to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the Notes (a "distributor") should take into consideration the manufacturers' target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the manufacturers' target market assessment) and determining appropriate distribution channels.

PROHIBITION OF SALES TO EEA RETAIL INVESTORS - The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area ("EEA"). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II or (ii) a customer within the meaning of Directive 2016/97/EU, as amended, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129, as amended (the "Prospectus Regulation"). Consequently, no key information document required by Regulation (EU) No 1286/2014, as amended (the "PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.

PROHIBITION OF SALES TO UK RETAIL INVESTORS - The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the United Kingdom ("UK"). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA"); or (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000, as amended (the "FSMA") and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of UK domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129, as it forms part of UK domestic law by virtue of the EUWA. Consequently, no key information document required by Regulation (EU) No 1286/2014 as it forms part of UK domestic law by virtue of the EUWA (the "UK PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the UK has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.

PROHIBITION OF SALES TO CONSUMERS IN BELGIUM - Notes issued under the Programme are not intended to be offered, sold or otherwise made available to, and should not be offered, sold or otherwise made available to, "consumers" (consument/consommateur) within the meaning of the Belgian Code of Economic Law (Wetboek van economisch recht/Code de droit économique), as amended.

Final Terms dated 28 May 2021

Danone

Euro 13,000,000,000

Euro Medium Term Note Programme

for the issue of Notes

Due from one month from the date of original issue

SERIES NO: 121

TRANCHE NO: 1

Euro 1,000,000,000 0.00 per cent. Notes due December 2025

issued by Danone (the "Issuer")

Joint Lead Managers

CRÉDIT AGRICOLE CIB

HSBC

ING

MUFG

NATIXIS

SANTANDER GLOBAL CORPORATE BANKING

PART A - CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Base Prospectus dated 21 April 2021 which has received approval no. 21-116 from the Autorité des marchés financiers (the "AMF") on 21 April 2021 and the supplement no. 1 to it dated 21 May 2021 which has received approval no. 21-171 from the AMF on 21 May 2021 which together constitute a base prospectus (the "Base Prospectus") for the purposes of Regulation (EU) 2017/1129, as amended (the "Prospectus Regulation"). This document constitutes the Final Terms of the Notes described herein for the purposes of the Prospectus Regulation and must be read in conjunction with the Base Prospectus in order to obtain all the relevant information. The Base Prospectus is available for viewing on the website of the AMF (www.amf-france.org) and of Danone (www.danone.com) and printed copies may be obtained from Danone at 17, boulevard Haussmann, 75009 Paris, France.

1

2

3

4

5

6

7

Issuer:

  1. Series Number:
  2. Tranche Number:
  3. Date on which the Notes become fungible:

Specified Currency:

Aggregate Nominal Amount:

  1. Series:
  2. Tranche:

Issue Price:

Specified Denomination:

Danone

121

1

Not Applicable

Euro ("EUR")

EUR 1,000,000,000

EUR 1,000,000,000

99.852 per cent. of the Aggregate Nominal Amount

EUR 100,000

  1. Issue Date:
  2. Interest Commencement Date:
  1. Maturity Date:
  2. Interest Basis:

1 June 2021

1 June 2021

1 December 2025

0.00 per cent. per annum Fixed Rate (further particulars specified below)

10

Redemption Basis:

Subject to any purchase and cancellation or early

redemption, the Notes will be redeemed on the

Maturity Date at 100 per cent. of their nominal amount.

11

Change of Interest Basis:

Not Applicable

12

Put/Call Options:

Make-Whole Redemption by the Issuer

Residual Maturity Call Option

Clean-Up Call Option

Change of Control Put Option

A44731516

2

(further particulars specified below)

13

(i)

Status of the Notes:

Unsubordinated

(ii)

Date of Board approval for

issuance of Notes obtained:

Decision of the Conseil d'administration of Danone

dated 18 February 2021 and decision of Mr. Juergen

Esser dated 25 May 2021

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

14

Fixed Rate Note Provisions:

Applicable

(i)

Rate of Interest:

0.00 per cent. per annum payable annually in arrear on

each Interest Payment Date

(ii)

Interest Payment Dates:

1 December in each year commencing on 1

December 2021 and ending on the Maturity Date.

There will be a first short coupon in respect of the first

Interest Period, from, and including, the Interest

Commencement Date up to, but excluding, 1 December

2021

(iii)

Fixed Coupon Amount:

EUR 0 per Note of EUR 100,000 Specified

Denomination subject to the provisions of paragraph

"Broken Amount" below

(iv)

Broken Amount:

EUR 0 per Note of EUR 100,000 Specified

Denomination payable on the Interest Payment Date

falling on 1 December 2021

(v)

Day Count Fraction:

Actual/Actual (ICMA)

(vi)

Determination Dates:

1 December in each year

15

Floating Rate Note Provisions:

Not Applicable

16

Zero Coupon Note Provisions:

Not Applicable

17

Inflation Linked Notes - Provisions

relating to CPI or HICP Linked

Interest:

Not Applicable

PROVISIONS RELATING TO REDEMPTION

18

Call Option:

Not Applicable

19

Make-Whole Redemption by the

Issuer:

Applicable

(i)

Notice period:

As per the Conditions

(ii)

Reference Security:

0.00 per cent. Federal Government Bond of the

Bundesrepublik Deutschland due 10 October 2025 with

ISIN DE0001141828

(iii)

Similar Security:

Reference bond or reference bonds issued by the

A44731516

3

  1. Redemption Margin:
  2. Party, if any, responsible for calculating the principal and/or interest due (if not the Calculation Agent):
  3. Reference Dealers:
  1. Residual Maturity Call Option:
    1. Call Option Date:
    2. Notice period:
  2. Put Option:
  3. Clean-UpCall Option:
    1. Clean-UpPercentage:
    2. Clean-UpRedemption Amount:
  4. Change of Control Put Option:
  5. Final Redemption Amount of each Note:
    Inflation Linked Notes - Provisions relating to the Final Redemption Amount:
  6. Early Redemption Amount

German Federal Government having an actual or interpolated maturity comparable with the remaining term of the Notes that would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes.

+0.10 per cent. per annum

Not Applicable

As per Condition 6(c)

Applicable

1 November 2025

As per the Conditions

Not Applicable

Applicable

75 per cent.

EUR 100,000 per Note of EUR 100,000 Specified Denomination

Applicable

EUR 100,000 per Note of EUR 100,000 Specified Denomination

Not Applicable

  1. Early Redemption Amount of each Note payable on redemption for taxation reasons (Condition 6(j)), for illegality (Condition 6(n)) or on event of default (Condition 9):
  2. Redemption for taxation reasons permitted on days others than Interest Payment Dates:
  3. Unmatured Coupons to become void upon early redemption

EUR 100,000 per Note of EUR 100,000 Specified Denomination

Yes

A44731516

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Groupe Danone SA published this content on 09 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2021 17:11:01 UTC.


ę Publicnow 2021
All news about DANONE
12/07Danone recognized for the third year in a row as global environmental leader with tripl..
AQ
11/30DANONE : Buy rating from JP Morgan
MD
11/29France extends controls on foreign parties' stakes in key French firms by one year
RE
11/27DANONE : EUR 700 000 000 - 0.52% - November 2030
PU
11/23DANONE : Receives a Sell rating from UBS
MD
11/20DANONE : EUR 1 000 000 000 - 0.00% - December 2025
PU
11/17Danone to switch dairy factory to plant-based Alpro as diets shift
RE
11/16Danone to Sell Denmark Water-and-Beverage Business Aqua d'Or
DJ
11/16Royal Unibrew to Buy Mineral Water Producer Aqua d'Or from Danone
MT
11/16Danone announces the sale of Aqua d'Or
AQ
More news
Analyst Recommendations on DANONE
More recommendations
Financials
Sales 2021 23 919 M 27 130 M 27 130 M
Net income 2021 1 950 M 2 212 M 2 212 M
Net Debt 2021 11 055 M 12 539 M 12 539 M
P/E ratio 2021 16,9x
Yield 2021 3,66%
Capitalization 34 515 M 39 119 M 39 148 M
EV / Sales 2021 1,91x
EV / Sales 2022 1,80x
Nbr of Employees 100 383
Free-Float 92,0%
Chart DANONE
Duration : Period :
Danone Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DANONE
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Last Close Price 53,03 €
Average target price 61,27 €
Spread / Average Target 15,5%
EPS Revisions
Managers and Directors
Antoine Bernard de Saint-Affrique Chief Executive Officer
Juergen Esser Chief Financial, Technology & Data Officer
Gilles Schnepp Non-Executive Chairman
Domitille Doat-Le Bigot Chief Digital Officer
Jean-Michel SÚvÚrino Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
DANONE-1.67%38 673
NESTLÉ S.A.16.79%361 788
MONDELEZ INTERNATIONAL, INC.5.03%85 665
YIHAI KERRY ARAWANA HOLDINGS CO., LTD-41.27%53 863
THE KRAFT HEINZ COMPANY-0.43%42 242
GENERAL MILLS, INC.9.81%39 110