Pernod Ricard SA Raises €1.2 Billion in Euro Bond Issuance
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Pernod Ricard SA has raised €1.2 billion through a bond issuance, which includes a €500 million bond maturing in 2033 with a 3.25% coupon and another €500 million bond maturing in 2037 with a 3.75% coupon. Additionally, a €200 million private placement was completed. The average coupon for the issuance is 3.30%, and the bonds are expected to be rated Baa1 by Moody’s and BBB+ by S&P. Proceeds will be used for general corporate purposes, and the bonds will be traded on Euronext Paris.
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