Kering successfully issues an inaugural sterling bond for a total amount of £800 million in two tranches
16 Novembro 2023 - 2:04PM
Kering successfully issues an inaugural sterling bond for a total
amount of £800 million in two tranches
Press release - GBP Bond issue - November 2023
PRESS RELEASE |
November 16, 2023 |
KERING SUCCESSFULLY ISSUES AN INAUGURAL
STERLING BOND FOR A TOTAL AMOUNT OF £800 MILLION IN TWO
TRANCHES
Kering has issued an inaugural sterling bond for
a total of £800 million, consisting of:
- a £400 million tranche with a
3-year maturity and a 5.125% coupon,
- a £400 million tranche with a
9-year maturity and a 5% coupon.
This issue, in line with the Group’s active
liquidity management, enables Kering to enhance its financial
flexibility and to diversify its sources of funding, by accessing
for the first time the sterling bond market.
The great success of this issue with investors
underscores the market’s confidence in the credit quality of the
Group. Kering’s long-term debt is rated “A” with a stable outlook
by Standard & Poor's.
About Kering
A global Luxury group, Kering manages the
development of a series of renowned Houses in Fashion, Leather
Goods and Jewelry: Gucci, Saint Laurent, Bottega Veneta,
Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo,
Qeelin, Ginori 1735 as well as Kering Eyewear and Kering Beauté. By
placing creativity at the heart of its strategy, Kering enables its
Houses to set new limits in terms of their creative expression
while crafting tomorrow’s Luxury in a sustainable and responsible
way. We capture these beliefs in our signature: “Empowering
Imagination”. In 2022, Kering had over 47,000 employees and revenue
of €20.4 billion.
Contacts
Press |
|
|
Emilie
Gargatte |
+33 (0)1 45 64 61
20 |
emilie.gargatte@kering.com |
Marie de
Montreynaud |
+33 (0)1 45 64 62
53 |
marie.demontreynaud@kering.com |
|
|
|
Analysts/investors |
|
|
Claire
Roblet |
+33 (0)1 45 64 61
49 |
claire.roblet@kering.com |
Julien
Brosillon |
+33 (0)1 45 64 62
30 |
julien.brosillon@kering.com |
- Press release - GBP Bond issue - November 2023
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