Danone announced that it has issued a ?700 million bond with a 6-year maturity and a 3.481% 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 May 3, 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.