Wednesday 09 October 2024

Barry Callebaut successfully places new €700 mln Euro denominated bond

Peter Vanneste, CFO of the Barry Callebaut Group, commented: "We are pleased with the significant interest from investors that has enabled us to secure attractive long-term financing. While Barry Callebaut has a strong balance sheet, the issuance provides us with greater financial flexibility in the context of a volatile cocoa market environment"

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ZURICH, Switzerland – Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, has successfully raised an amount of € 700 million on the Euro bond capital markets.

The offering created sizeable demand allowing the Company to price at a low coupon of 4.0 % per annum.

The 5-year Eurobond matures on June 14, 2029. The bond will be traded on the SIX Exchange (ISIN BE6352800765) and will be used for general corporate purposes.

Peter Vanneste, CFO of the Barry Callebaut Group, commented: “We are pleased with the significant interest from investors that has enabled us to secure attractive long-term financing.

While Barry Callebaut has a strong balance sheet, the issuance provides us with greater financial flexibility in the context of a volatile cocoa market environment.”

BNP Paribas acted as the Global Coordinator and book runner, while ING, J.P. Morgan, Rabobank and Société Générale acted as joint lead managers and active bookrunners for the issuance.

CIMBALI

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