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Danone opens bond market with historical coupon at 1,125%


Pierre André Terisse, CFO of Danone Group, in the presence of the teams participating in the operation, celebrates the  €1,3 billion dual tranche bond issue of the 7th of January 2015.

Danone is a regular issuer on the bond market under EMTN programme since 1996. This year, Danone opened the market with a dual tranche operation, a 5-year floating rate note of  550 millions euros  (coupon of Euribor 3 months +à,33%) and a 10-year fixed rate bond of 750 millions euros  (coupon of 1,125%) and thus, reinforces the financial structure of the group. This operation was widely subscribed and enables to finance the development of the group at very attractive conditions.