Danone successfully launches a 鈧�1.3 billion dual-tranche bond issue
Danone (OTC:DANOY) has successfully launched a 鈧�1.3 billion dual-tranche bond issue. The offering consists of a 鈧�800 million 2-year floating rate notes with Euribor 3 months +27 basis points coupon and 鈧�500 million undated deeply subordinated fixed rate resettable notes with 3.95% fixed resettable coupon and first call date on September 8, 2032.
The proceeds will be used for general corporate purposes, with the subordinated notes refinancing existing 鈧�500 million notes callable in September 2026. The settlement is expected on September 8, 2025, with listing on Euronext Paris. The undated subordinated notes will be treated as full equity under IFRS and 50% equity by rating agencies.
Danone (OTC:DANOY) ha emesso con successo un obbligazione dual tranche da 鈧�1,3 miliardi. L'offerta comprende un prestito obbligazionario a tasso variabile da 鈧�800 milioni a 2 anni indicizzato a Euribor 3 mesi +27 punti base e 鈧�500 milioni di titoli subordinati profondamente perpetui a tasso fisso e resettable con cedola fissa resettable al 3,95% e prima data di call il 8 settembre 2032.
I proventi saranno destinati a fini societari generali; i titoli subordinati rifinanzieranno i 鈧�500 milioni di titoli esistenti richiamabili nel settembre 2026. Il regolamento 猫 previsto per il 8 settembre 2025, con quotazione su Euronext Paris. I titoli subordinati perpetui saranno considerati come capitale proprio secondo l'IFRS e per il 50% come capitale dalle agenzie di rating.
Danone (OTC:DANOY) ha lanzado con 茅xito una emisi贸n de bonos dual por 鈧�1.300 millones. La oferta consta de 鈧�800 millones en notas a tipo variable a 2 a帽os referenciadas a Euribor 3 meses +27 puntos b谩sicos y 鈧�500 millones en notas profundamente subordinadas sin fecha fija a tipo fijo reseteable con cup贸n fijo reseteable del 3,95% y primera fecha de amortizaci贸n el 8 de septiembre de 2032.
Los ingresos se destinar谩n a fines corporativos generales; las notas subordinadas refinanciar谩n los 鈧�500 millones de t铆tulos existentes amortizables en septiembre de 2026. El cierre est谩 previsto para el 8 de septiembre de 2025, con cotizaci贸n en Euronext Paris. Las notas subordinadas sin fecha ser谩n tratadas como patrimonio neto seg煤n las NIIF y al 50% como capital por las agencias de calificaci贸n.
Danone (OTC:DANOY)臧赌 鈧�13鞏� 攴滊鞚� 霌�鞏� 韸鸽灉旃� 毂勱秾鞚� 靹标车鞝侅溂搿� 氚滍枆頄堨姷雼堧嫟. 鞚措矆 瓿惦電� 鞙犽毽炒 3臧滌洈 + 27bp 炜犿彴鞚� 2雲� 毵岅赴 氤�霃欔笀毽憸鞁� 毂勱秾 鈧�8鞏�瓿� 3.95% 瓿犾爼 毽厠順� 炜犿彴鞚� 鞓侁惮鞝�(氍搓赴頃�) 旯婌潃 頉勳垳鞙� 瓿犾爼旮堧Μ 毽厠 臧赌電� 毂勱秾 鈧�5鞏�鞙茧 甑劚霅╇媹雼�. 觳� 旖�(臁瓣赴靸來櫂) 臧赌電レ澕鞚� 2032雲� 9鞗� 8鞚检瀰雼堧嫟.
臁半嫭旮堨潃 鞚茧皹 旮办梾 氇╈爜鞐� 靷毄霅橂┌, 頉勳垳鞙� 毂勱秾鞚� 2026雲� 9鞗旍棎 旖� 臧赌電ロ暅 旮办〈 鈧�5鞏� 毂勱秾鞚� 鞛湹鞛愴暕雼堧嫟. 瓴办牅 鞓堨爼鞚检潃 2025雲� 9鞗� 8鞚�鞚措┌ Euronext Paris鞐� 靸侅灔霅� 鞓堨爼鞛呺媹雼�. 氍搓赴頃� 頉勳垳鞙� 毂勱秾鞚� IFRS靸� 鞝勳暋 鞛愲掣鞙茧 攵勲霅橂┌, 鞁犾毄韽夑岸撵偓鞐愲姅 50%臧赌 鞛愲掣鞙茧 氚橃榿霅╇媹雼�.
Danone (OTC:DANOY) a lanc茅 avec succ猫s une 茅mission obligataire duale de 鈧�1,3 milliard. L'offre se compose de 鈧�800 millions de titres 脿 taux variable sur 2 ans index茅s sur l'Euribor 3 mois +27 points de base et de 鈧�500 millions d'obligations profond茅ment subordonn茅es, perp茅tuelles et 脿 taux fixe r茅initialisable avec un coupon fixe r茅initialisable de 3,95% et une premi猫re date de remboursement anticip茅 le 8 septembre 2032.
Les fonds seront utilis茅s 脿 des fins g茅n茅rales de l'entreprise ; les obligations subordonn茅es refinanceront des titres existants de 鈧�500 millions remboursables en septembre 2026. Le r猫glement est pr茅vu le 8 septembre 2025, avec cotation 脿 Euronext Paris. Les titres subordonn茅s perp茅tuels seront trait茅s comme des capitaux propres selon les IFRS et 脿 50% comme fonds propres par les agences de notation.
Danone (OTC:DANOY) hat erfolgreich eine Dual-Tranche-Anleihe 眉ber 鈧�1,3 Milliarden platziert. Das Angebot besteht aus 鈧�800 Millionen zweij盲hrigen variabel verzinslichen Notes mit Euribor 3 Monate +27 Basispunkten Coupon und 鈧�500 Millionen unbefristeten, tief nachrangigen festverzinslichen, resetf盲higen Notes mit einer festen, resetf盲higen Verzinsung von 3,95% und erster Call-M枚glichkeit am 8. September 2032.
Die Erl枚se werden f眉r allgemeine Unternehmenszwecke verwendet; die nachrangigen Notes refinanzieren bestehende, im September 2026 k眉ndbare 鈧�500-Millionen-Anleihen. Die Abwicklung ist f眉r den 8. September 2025 geplant, mit einer Notierung an der Euronext Paris. Die unbefristeten Nachranganleihen werden nach IFRS voll als Eigenkapital behandelt und von Ratingagenturen zu 50% als Eigenkapital gewertet.
- Bond issue was widely subscribed by diverse investors, showing strong market confidence
- Enhanced funding flexibility and extended debt maturity
- Subordinated notes receive favorable equity treatment from rating agencies and IFRS
- Increased debt obligation with 鈧�1.3 billion new bonds
- Higher interest rate of 3.95% on subordinated notes compared to current market rates
Press release 鈥� Paris, September 1, 2025, at 6:30 PM CEST
Danone successfully launches a
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Danone announces it has launched today a
- a tranche of 2-year floating rate notes of
鈧�800 million (coupon of Euribor 3 months +27 basis points); - a tranche of undated deeply subordinated fixed rate resettable notes of
鈧�500 million (fixed resettable coupon of3.95% with a first call date on 8 September 2032).
Proceeds of this issue will be used for the general corporate purposes, including, for the undated deeply subordinated notes, to refinance Danone's existing
The undated deeply subordinated notes will be fully accounted as equity in accordance with IFRS standards and will be treated as
The settlement is expected to take place on September 8, 2025, and the bonds will be listed on Euronext Paris.
In line with the company鈥檚 active liquidity management, this issue enables Danone to enhance its funding flexibility while extending the maturity of its debt.
The bond issue was widely subscribed by a diversified investor base, confirming the high confidence in Danone鈥檚 business model and credit profile.
The prospectus containing the terms and conditions of the notes will be available on Danone鈥檚 website at the following address:
About Danone ()
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 鈥淩enew鈥� strategy to restore growth, competitiveness, and value creation for the long-term. With over 90,000 employees, and products sold in over 120 markets, Danone generated
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FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements concerning Danone that are subject to risks and uncertainties. Generally, you can identify these forward-looking statements by forward-looking words, such as 鈥渆stimate鈥�, 鈥渆xpect鈥�, 鈥渁nticipate鈥�, 鈥減roject鈥�, 鈥減lan鈥�, 鈥渋ntend鈥�, 鈥渙bjective鈥�, 鈥渂elieve鈥�, 鈥渇orecast鈥�, 鈥�guidance鈥�, 鈥渇oresee鈥�, 鈥渓ikely鈥�, 鈥渕ay鈥�, 鈥渟hould鈥�, 鈥済oal鈥�, 鈥渢arget鈥�, 鈥渕ight鈥�, 鈥渨ill鈥�, 鈥渃ould鈥�, 鈥減redict鈥�, 鈥渃ontinue鈥�, 鈥渃onvinced鈥� and 鈥渃onfident,鈥� the negative or plural of these words and other comparable terminology or by using future dates. Forward-looking statements in this press release include but are not limited to predictions of future activities, operations, direction, performance and results of Danone.
These forward-looking statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those anticipated in these forward-looking statements. For a detailed description of risks and uncertainties, please refer to the 鈥淩isk Factor鈥� section of Danone鈥檚 Universal Registration Document (the current version of which is available at ).
Subject to regulatory requirements, Danone does not undertake to publicly update or revise any of these forward-looking statements. This document does not constitute an offer to sell or a solicitation of an offer to buy Danone securities
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FAQ
What is the size and structure of Danone's September 2025 bond issue?
What is the interest rate on Danone's new 2025 bond tranches?
When will Danone's new 2025 bonds be settled and listed?
How will Danone use the proceeds from its 2025 bond issue?
How will the new subordinated notes impact Danone's financial statements?
