Pernod Ricard successfully completes Bond Issuance: €1.5 Billion in 2 tranches

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Pernod Ricard, the long-term senior debt of which is rated Baa1 (stable outlook) by Moody’s and BBB+ (stable outlook) by Standard & Poor’s, has today set the terms of its new Euro-denominated bond issue for an aggregate amount of €1.5 billion across 6,5-Year and 10-Year tranches.

The favorable market conditions and the positive reception from investors to the issuance allowed Pernod Ricard to price the issuance at a coupon of 3.375% on the 6,5-Year tranche and 3.625% on the 10-Year tranche.

The net proceeds of this issuance will be used for general corporate purposes of Pernod Ricard.

Placement was made across qualified investors.

An application will be made for the bonds to be admitted to trading on Euronext Paris.

The Bonds are expected to be rated Baa1 by Moody’s and BBB+ by Standard & Poor’s.

Citi, Credit Agricole CIB, Deutsche Bank, Goldman Sachs Bank Europe SE, HSBC, J.P. Morgan, Natixis et Société Générale were the Joint Bookrunners of this bond issue.