Danone Fetches €1 Billion With Bond Issue

Danone yesterday announced the successful launch of a €1 billion 8-year bond issue.

"Funds raised will enable Danone to fund its growth and extend the maturity of its debt at favourable market conditions," the French Yogurt maker said in a statement posted on its website.

The €1 billion bond, priced at mid swap +53 basis points, pays a coupon of 2.25% and was widely subscribed by a diversified investor base. The bonds will be listed on Euronext Paris.

Danone is rated A- stable by Standard & Poor's and A3 stable by Moody's.