Barry Callebaut: places new bond worth 700 million euros

Zurich / CH. (bc) Swiss Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, has successfully raised an amount of EUR 700 million on the Euro bond capital markets. The offering created sizeable demand allowing the Company to price at a low coupon of 4.0 percent per annum. The five-year Eurobond matures on June 14, 2029. The bond will be traded on the SIX Exchange and will be used for general corporate purposes.

«We are pleased with the significant interest from investors that has enabled us to secure attractive long-term financing. While Barry Callebaut has a strong balance sheet, the issuance provides us with greater financial flexibility in the context of a volatile cocoa market environment,» says Group-CFO Peter Vanneste. BNP Paribas acted as the Global Coordinator and book runner, while ING, J.P. Morgan, Rabobank and Société Générale acted as joint lead managers and active bookrunners for the issuance.