Get the app today! Download iPhone App Download Android App

SUBSCRIBE

Pernod Ricard Raises €1.5bn On Bond Market

Published on Apr 2 2020 2:28 PM in Drinks tagged: Pernod Ricard

Pernod Ricard Raises €1.5bn On Bond Market

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.

Subscribe
Share on Facebook Share on Twitter Share on LinkedIn Share via Email