Dsm-firmenich issues €750 million long-term bond
Dsm-firmenich has announced the successful launch of a €750 million bond with an 11-year maturity, due in 2036 at a coupon rate of 3.375 percent. The bond will be issued by DSM and guaranteed by DSM-Firmenich in accordance with the cross-guarantee structure in place. The post Dsm-firmenich issues €750 million long-term bond appeared first on Global Cosmetics News.
THE WHAT? Dsm-firmenich has announced the successful launch of a €750 million bond with an 11-year maturity, due in 2036 at a coupon rate of 3.375 percent. The bond will be issued by DSM and guaranteed by DSM-Firmenich in accordance with the cross-guarantee structure in place.
THE DETAILS The re-offer price for the 11-year tranche was 98.875 percent, which grants a 3.5 percent yield. The bonds will be listed on the Luxembourg Stock Exchange.
THE WHY? Dsm-firmenich said that the proceeds would be used for general corporate purposes, including the refinancing of existing indebtedness.
The post Dsm-firmenich issues €750 million long-term bond appeared first on Global Cosmetics News.
