Danone opens trading on Euronext markets, celebrating successful €1.3 billion bond issue

Euronext, the leading exchange in the Eurozone, today congratulated Danone on the success of its dual-tranche €1.3 billion bond issue. Aimed at financing the group’s business and growth by extending the maturity of its debt, the bonds were admitted to trading on 14 January.

Danone’s bonds were listed on Euronext Paris as part of a dual-tranche €1.3 billion bond issue comprising:

• One 5-year €550 million floating-rate tranche (coupon: 3-month Euribor + 33 basis points); ISIN Code: FR0012432904
• One 10-year €750 million fixed-rate tranche equal to mid-swap + 48 basis points and a 1.125% coupon; ISIN Code: FR0012432912

The issue was very successfully placed with a broad range of investor profiles.
Danone is rated A-minus, negative outlook by Standard & Poor’s, and Baa1, steady outlook by Moody’s.

Marc Lefèvre, Euronext’s head of European Business Development and Client Coverage, noted: “We are delighted with Danone’s successful bond issue on Euronext Paris—a placement that drew a large number of international investors and which is a benchmark at the start of this year. Bonds are an excellent means of diversifying sources of finance, which is part and parcel of Euronext’s mission of financing the real economy and the businesses in it. “

Pierre-André Térisse, Danone’s Chief Financial Officer, said: “I am very pleased with the recent dual-tranche bond issue that we are celebrating this morning. Our aim was to extend the maturity of our debt and to finance continued business development at Danone. This is the first time that we have turned to the market in early January; our issue was widely subscribed and we have been able to go with very low prices. This is a clear success that reflects both Danone’s attractiveness for investors and investors’ trust in Danone’s capacity to generate growth and create value.”

To celebrate the success of its bond issue, Pierre-André Térisse rang the bell marking the opening of trading on Euronext’s financial markets, accompanied by the group’s financial and legal advisers and the Euronext Paris listings team.

About Danone
Danone is an international company present on five continents. The group holds top positions in healthy food through four businesses: Fresh Dairy Products, Early Life Nutrition, Waters, and Medical Nutrition. Its mission is to bring health through food to as many people as possible. Danone has more than 190 production plants and around 104,000 employees. In 2013, it generated sales of over €21 billion, with more than 60% in emerging countries.
Listed on Euronext Paris, Danone is a component stock of leading social responsibility indexes including the Dow Jones Sustainability Index, Vigeo and the Ethibel Sustainability Index. Danone is also rated no. 1 in the 2013 ATNI Index.

About Euronext
Euronext is the primary exchange in the Euro zone with over 1,300 issuers worth €2.6 trillion in market capitalisation, an unmatched blue-chip franchise consisting of 20+ issuers in the EURO STOXX 50® benchmark and a strong, diverse domestic and international client base.
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