Pernod Ricard:E1.5bn bond issues

(CercleFinance.com) - Pernod Ricard announces that it has completed a euro-denominated bond issue for E1.
5bn in two tranches of E700m at 6.5 years and E800m at 10 years, with qualified investors.

Favourable market conditions and the positive reaction of investors to the announcement of the issue enabled Pernod Ricard to place these bonds with a coupon of 3.375% at 6.5 years and 3.625% at 10 years.

The spirits group says that the net proceeds of this bond issue will be used for general corporate purposes, and that an application will be made for the bonds to be listed on Euronext Paris.


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