Dual-tranche bond issue for a total amount of 1.5 billion euros

Filter by
By date
By section

0 results for ""

    • kering
    • news
    • Dual-tranche bond issue for a total amount of 1.5 billion euros
    Finance
    Thursday, April 28, 2022

    Dual-tranche bond issue for a total amount of 1.5 billion euros

    LONG-FORMAT-DESKTOP-FINANCE.jpg

    Kering has issued a dual-tranche bond for a total of EUR 1.5 billion, consisting of

    • a EUR 750 million tranche with a 3 year maturity and a 1.25% coupon,
    • and a EUR 750 million tranche with a 8 year maturity and a 1.875% coupon.

     

    This issue, in line with the Group’s active liquidity management, enables Kering to enhance its funding flexibility through refinancing of existing debt and the partial financing of the Maui Jim acquisition.

     

    The great success of this issue with investors underscores the market’s confidence in the credit quality of the Group. Kering’s long-term debt is rated “A” with a stable outlook by Standard & Poor's.

    About Kering

     

    A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods and Jewelry : Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, as well as Kering Eyewear. By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrow’s Luxury in a sustainable and responsible way. We capture these beliefs in our signature: “Empowering Imagination”. In 2021, Kering had over 42,000 employees and revenue of €17.6 billion.

    Contacts

     

    Press

    Emilie Gargatte                        +33 (0)1 45 64 61 20                 emilie.gargatte@kering.com

    Marie de Montreynaud        +33 (0)1 45 64 62 53           marie.demontreynaud@kering.com 

     

    Analysts/investors

    Claire Roblet                            +33 (0)1 45 64 61 49                 claire.roblet@kering.com

    Laura Levy                               +33 (0)1 45 64 60 45                 laura.levy@kering.com