Clifford Chance advises Pernod Ricard on €1.2 billion EMTN bond issuances listed on Euronext Paris

"Clifford Chance advised Pernod Ricard on bond issuances totalling €1.2 billion under its EMTN programme, admitted to trading on Euronext Paris. The transactions comprised two fixed-rate tranches (€500m 3.25% due 2033; €500m 3.75% due 2037) and a €200m floating-rate private placement due 2027. Proceeds will be used for general corporate purposes."

Clifford Chance advised Pernod Ricard on bond issuances totalling €1.2 billion undertaken under the group's EMTN programme and admitted to trading on Euronext Paris. The transaction comprised the issuance of two public bond tranches and a private placement. The public tranches consisted of €500 million of bonds at a fixed rate of 3.25% maturing in 2033, issued at an issue price of 99.571%, and €500 million of bonds at a fixed rate of 3.75% maturing in 2037, issued at an issue price of 99.492%. In addition, there was a €200 million private placement of floating-rate notes maturing in 2027, issued at par (100%). The announcements were made in a favorable market environment and attracted a positive response from investors. The net proceeds of these bond issuances will be allocated to the general corporate requirements of Pernod Ricard. Clifford Chance represented Pernod Ricard with a team composed by: Cédric Burford (partner), Auriane Bijon (counsel), Jessica Hadid (senior associate) and Sabrine Kadi (lawyer).

Clifford Chance advises Pernod Ricard on €1.2 billion EMTN bond issuances listed on Euronext Paris

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