16 January, 2021 - 19 January, 2021
Riva Del Garda (TN), Italy
19 January, 2021 - 20 January, 2021
New York NY, U.S
20 January, 2021 - 21 January, 2021
26 January, 2021 - 27 January, 2021
28 January, 2021 - 29 January, 2021
The French luxury conglomerate has issued a dual-tranche bond for a total of €1.2 billion, consisting of a €600 million tranche with a three-year maturity and a 0.25% coupon, and a €600 million tranche with an eight-year maturity and a 0.75% coupon.
Kering said the issue is in line with the Group’s active liquidity management, and enables the Group to diversify its sources of financing and to enhance its funding flexibility through refinancing of existing debt and extension of their average maturity. “The great success of this issue with investors confirms the confidence of the market in the creditworthiness of the Group”, said Kering, whose long-term debt is rated “A-” with a stable outlook by Standard & Poor's.
The placement is managed by Crédit Agricole CIB, HSBC, BNP Paribas, Natixis, Société Générale, UniCredit and Mitsubishi UFG.