Drinks manufacturer Pernod Ricard has said that two bond sales on Wednesday April 1 totalling €1.5 billion, which will be used to refinance bank debt facilities, were heavily subscribed.

Pernod Ricard said that it received offers worth €5.5 billion for the bonds that were on offer.

€750m Each

The new issue included a €750 million bond that is due in April 2030 at a spread of 185 basis points and another €750 million paper that is due in April 2025 at 150 basis points. The bonds carried coupons of 1.750% and 1.125%, respectively.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.