Kering: €300m Bond Issue
March 28 2017 - 11:40AM
Business Wire
Regulatory News:
Kering (Paris:KER) has issued a €300m, 1.50% fixed-rate bond
maturing in 10 years.
This issue, in line with the Group’s active liquidity
management, enables Kering to diversify its sources of financing
and to enhance its funding flexibility through refinancing of
existing debt and extension of their average maturity.
The great success of this issue with investors confirms the
confidence of the market in the creditworthiness of the Group.
Kering’s long-term debt is rated “BBB” with stable outlook by
Standard & Poor's.
The placement is managed Société Générale CIB, Crédit Agricole
CIB, Mizuho, Mitsubishi UFJ Financial Group, Natixis,
Santander.
About KeringA global Luxury group, Kering develops an
ensemble of luxury houses in fashion, leather goods, jewellery and
watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen,
Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas
Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and
Ulysse Nardin. Kering is also developing the Sport & Lifestyle
brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering
encourages its brands to reach their potential, in the most
sustainable manner.The Group generated revenue of €12.385 billion
in 2016 and had more than 40,000 employees at year end. The Kering
share is listed on Euronext Paris (FR 0000121485, KER.PA,
KER.FP).
www.kering.comTwitter: @KeringGroupLinkedIn:
KeringInstagram: @kering_officialYouTube: KeringGroup
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KeringPressEmilie Gargatte, +33 (0)1 45 64 61
20emilie.gargatte@kering.comorRenato Martinelli, +33 (0)1 45 64 66
00 renato.martinelli@kering.comorAnalysts/investorsClaire
Roblet, + 33 (0)1 45 64 61 49claire.roblet@kering.comorAndrea
Beneventi, + 33 (0)1 45 64 63 28andrea.beneventi@kering.com