New Market Study Published: France Food & Drink Report Q1 2014
Danone Launches EUR1bn Bond To Fund Expansion: France-based food company Danone has issued a EUR1bn (US$1.13bn) eight-year bond to fund its expansion drive. The company stated that funds raised from the bond issuance will be used to finance growth as well as to extend its debt maturity at favourable market conditions. The bond pays a coupon of 2.25% and has been 'widely subscribed by a diversified investor base'
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