Pernod Ricard successfully completes a EUR 1.1 billion sustainability-linked dual tranche issuance

Press Release 26/10/2022

Not for distribution directly or indirectly in Canada or Japan. The distribution of this document in certain jurisdictions may be restricted by law. Persons who come into possession of this document are required to inquire about, and comply with, potential local restrictions. This document does not constitute an offer, or an invitation to apply for, or an offer or invitation to purchase or subscribe for any securities either in the United States or in any other jurisdiction. Securities may not be offered or sold in the United States, or to or for the account or benefit of U.S. persons (as defined in Regulation S under U.S. Securities Act of 1933), unless they are registered or exempt from registration under the U.S. Securities Act of 1933, as amended. Pernod Ricard does not intend to register the offer detailed in the press release, in whole or in part, in the United States, and nor does it intend to carry out any public offer in the United States.

Amount (EUR) Maturity Settlement Coupon Yield Re-offer spread
600,000,000 02-Nov-2028 02-Nov-2022 3.250% 3.478% 55bps
500,000,000 02-Nov-2032 02-Nov-2022 3.750% 3.931% 93bps

 

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 set the terms of its new euro-denominated bond issuance for an aggregated principal amount of EUR 1.1bn across two tranches: a EUR 600m 6-Year and a EUR 500m 10-Year. The deal marks Pernod Ricard’s second Sustainability-Linked Bond. In line with its inaugural Sustainability-Linked Bond, targets of the issuance are linked to two environmental commitments: to reduce the Group’s absolute greenhouse gas emissions (Scope 1&2) and to decrease the water consumption per unit at distilleries. This transaction fits within Pernod Ricard’s continued integration of sustainability actions into its daily operations and financing strategy, in-line with the Group’s Sustainability & Responsibility (S&R) Roadmap.

The Sustainability-Linked Financing Framework and the Second-Party Opinion are available at: https://www.pernod-ricard.com/en/investors/share-debt-information#debt-information-430
The net proceeds of this issuance will be used for general corporate purposes of Pernod Ricard.

Tags

Press release

On the same topic

  • FY23 EMEA/LATAM Conference Call

    Tuesday 22 November 2022, 15.00 CET

    Gilles Bogaert, Chairman and Chief Executive Officer of Pernod Ricard EMEA LATAM, and Charly Montet, Investor Relation Manager, have the pleasure to invite you to a Q&A session on the Pernod Ricard EMEA/LATAM business.

    Read more
  • Q1 FY23 Sales

    Dynamic start of the year with diversified sales growth +22% reported and +11% organic and strong +7% price effect

    Read more
  • Invitation - First Quarter FY23 Sales

    Thursday 20 October 2022

    Hélène de Tissot, Group Finance, IT & Operations Director, and Florence Tresarrieu, Global SVP Investor Relations & Treasury, will present Pernod Ricard’s first quarter FY23 Sales during a webcast to be held on Thursday 20th October at 9:00am (CEST).

    Read more

About pernod ricard

Pernod Ricard is the No.2 worldwide producer of wines and spirits with consolidated sales amounting to €10,701 million in fiscal year FY22. The Group, which owns 17 of the Top 100 Spirits Brands, holds one of the most prestigious and comprehensive portfolios in the industry with over 240 premium brands distributed across more than 160 markets. Pernod Ricard’s portfolio includes Absolut Vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute, and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur or Mumm and Perrier-Jouët champagnes. The Group’s mission is to unlock the magic of human connections by bringing “Good Times from a Good Place”, in line with its Sustainability and Responsibility roadmap. Pernod Ricard’s decentralised organisation empowers its 19,480 employees to be on-the-ground ambassadors of its purposeful and inclusive culture of conviviality, bringing people together in meaningful, sustainable and responsible ways to create value over the long term. Executing its strategic plan, Transform & Accelerate, Pernod Ricard now relies on its “Conviviality Platform”, a new growth model based on data and artificial intelligence to meet the ever-changing demand of consumers. Pernod Ricard is listed on Euronext (Ticker: RI; ISIN Code:FR0000120693) and is part of the CAC 40 and Eurostoxx 50 indices.

Contacts Pernod Ricard

Florence Tresarrieu
Global SVP Investors Relations and Treasury
Tel: +33 (0) 1 70 93 17 03
Edward Mayle
Investor Relation Director
Tel: +33 (0) 1 70 93 17 13
Charly Montet
Investor Relations Manager
Tel: +33 (0) 1 70 93 17 13
Emmanuel Vouin
Head of External Engagement
Tel: +33 (0) 1 70 93 16 34