Danone issues €1.5 billion in bonds across three tranches to extend debt maturity
The food and beverage group has launched a financing operation designed to strengthen its flexibility and extend its debt maturity. The issuance is part of its active liquidity management.
Three tranches of €500 million at staggered maturities
Danone announced on September 21, 2026 the launch of a bond issuance in three tranches for a total amount of €1.5 billion. The structure comprises a tranche of €500 million with an 18-month maturity carrying a variable coupon indexed to the 3-month Euribor plus 0.30%.
It also includes a tranche of €500 million at 5 years bearing a coupon of 4.0910%, as well as a tranche of €500 million at 9 years carrying a coupon of 4.4180%. Settlement is expected on September 28, 2026 and the bonds will be listed on Euronext Paris.
An active liquidity management operation
According to Danone, this issuance is part of its active liquidity management and aims to increase its financing flexibility while extending its debt maturity. The group indicates that the operation was widely subscribed by a diversified investor base.
Danone is rated BBB+, stable outlook, by Standard & Poor's, and Baa1, stable outlook, by Moody's.
