{"id":31825,"date":"2024-10-17T08:30:13","date_gmt":"2024-10-17T06:30:13","guid":{"rendered":"https:\/\/www.frieslandcampina.com\/?post_type=news&p=31825"},"modified":"2024-10-17T08:30:14","modified_gmt":"2024-10-17T06:30:14","slug":"frieslandcampina-successfully-issues-300-million-euro-hybrid-bond","status":"publish","type":"news","link":"https:\/\/www.frieslandcampina.com\/news\/frieslandcampina-successfully-issues-300-million-euro-hybrid-bond\/","title":{"rendered":"FrieslandCampina successfully issues 300 million euro hybrid bond"},"content":{"rendered":"\n
Royal FrieslandCampina N.V. has issued 300 million euro hybrid bond to pro-actively refinance the outstanding hybrid bond with a first reset date in December 2025. The new hybrid bond issue was well received by institutional investors with a final orderbook in excess of 1.2 billion euros. <\/strong><\/p>\n\n\n\n Hans Janssen, CFO of Royal FrieslandCampina N.V., commented: \u201cThe strong demand for our hybrid bond confirms the trust in FrieslandCampina. With this issuance, we not only support our balance sheet position, but we also ensure a broader diversification of our funding sources.\u201d <\/p>\n\n\n\n The hybrid bond was priced with a coupon of 4.85 percent per annum until the first reset date on 23 January 2030. The hybrid bond will be treated as 50 percent equity and 50 percent debt by the credit rating agencies and will be accounted for as equity under IFRS. It is expected to be rated BB+ by S&P and BBB- by Fitch and will be listed on the Global Exchange Market of Euronext Dublin. <\/p>\n\n\n\n BNP Paribas and Citigroup acted as Global Coordinators and Structuring Agents. ABN AMRO, BNP Paribas, Citigroup, HSBC, and ING acted as Joint Bookrunners.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false,"stripped":""},"featured_media":0,"menu_order":0,"template":"","news_kind":[],"yoast":{"focuskw":"","title":"","metadesc":"","linkdex":"","metakeywords":"","meta_robots_noindex":"","meta_robots_nofollow":"","meta_robots_adv":"","canonical":"","redirect":"","open_graph_title":"","open_graph_description":"","open_graph_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"featured_media_object":null,"blocks_custom":[{"blockName":"vidda\/header","attrs":{"minimal":true,"header_type":"header one","static_header_type":false,"version":"primary","title":"FrieslandCampina successfully issues 300 million euro hybrid bond","image":{"id":26077,"date":"2023-06-21T15:22:27","date_gmt":"2023-06-21T14:22:27","guid":{"rendered":"https:\/\/www.frieslandcampina.com\/uploads\/2023\/06\/FrieslandCampina-Central-Office-Amersfoort-Copyright-FrieslandCampina.jpg"},"modified":"2023-06-21T15:22:32","modified_gmt":"2023-06-21T14:22:32","slug":"central-office-amersfoort-2","status":"inherit","type":"attachment","link":"https:\/\/www.frieslandcampina.com\/central-office-amersfoort-2\/","title":{"rendered":"Central Office Amersfoort"},"author":3,"comment_status":"open","ping_status":"closed","template":"","meta":[],"yoast_head":"\n