Pernod Ricard Raises €1.5bn On Bond Market
Drinks manufacturer Pernod Ricard said two bond sales on Wednesday totalling €1.5 billion, which will be used to refinance bank debt facilities, were heavily subscribed.
Pernod Ricard said it received offers worth €5.5 billion($6.03 billion) for the bonds on offer.
The new issue included a €750 million bond due in April 2030 at a spread of 185 basis points and another €750 million paper due in April 2025 at 150 basis points.
The bonds carried coupons of 1.750% and 1.125% respectively.