Paris, May 10, 2016
Amount: EUR 600 million
Final maturity: May 18, 2026
Settlement: May 17, 2016
Format: Fixed Rate Notes
Coupon: 1.50%
Reoffer price: 99.871%
Margin over reference swap mid-rate: +100 basis points
ISIN Code: FR0013172939
Pernod Ricard, whose long-term senior debt is rated Baa3 by Moody's and BBB- by Standard & Poor's, today set the terms of its new bond issue denominated in Euro.
The transaction was well received by the market, enabling the Group to benefit from a 1.50% coupon being the lowest ever of any of the Group's bond issuances.
The net proceeds of the issue will be used in particular to pay down bond debt, thus extending the maturity profile of the Group's debt.
Placement was made across a range of qualified investors, principally in Germany and France.
An application has been made for the bonds to be admitted to trading on Euronext Paris.
BNP Paribas, Crédit Agricole CIB, Banco Bilbao Vizcaya Argentaria, S.A., CM-CIC Market Solutions, HSBC, Lloyds Bank, Rabobank, Société Générale Corporate & Investment Banking were the joint bookrunners of this bond issue.