Koninklijke Ahold Delhaize N.V. has announced that it has successfully launched and priced fixed-rate bonds worth €500 million due in 2027.
The seven-year fixed-rate bonds, issued at 99.44% of the nominal value, will bear a coupon of 1.75% per annum.
The net proceeds from the offering will be used for refinancing of debt and general corporate purposes, the company said.
The company expects BBB credit rating by S&P and Baa1 by Moody’s for the bonds, which will be listed on Euronext Amsterdam.
The bonds were placed with a broad range of institutional investors across Europe.
The settlement of the bond issue will take place on 2 April 2020, the company added.
Joint lead managers for the transaction were BNP PARIBAS, Goldman Sachs International, J.P. Morgan Securities plc and Merrill Lynch International.
© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.
