Clifford Chance advises on €8bn EMTN programme and inaugural €3bn bond for The Magnum Ice Cream Company

"Clifford Chance advised J.P. Morgan and Morgan Stanley as arrangers and global coordinators, and the syndicate of dealers, on the inaugural €3bn bond issued by The Magnum Ice Cream Company B.V. The notes were issued under a newly established €8bn guaranteed EMTN programme of Magnum ICC Finance B.V., guaranteed by TMICC and Magnum Ice Cream Company Holdco Netherlands B.V.; proceeds will support the TMICC demerger from Unilever and other corporate purposes."

Clifford Chance advised J.P. Morgan and Morgan Stanley as arrangers and global coordinators, and the syndicate of dealers, in connection with the inaugural €3 billion bond issuance by The Magnum Ice Cream Company B.V. (TMICC). The bonds were issued under the newly established €8 billion guaranteed Euro Medium Term Note (EMTN) programme of Magnum ICC Finance B.V., which is guaranteed by TMICC and Magnum Ice Cream Company Holdco Netherlands B.V. The net proceeds of the notes will be used for general corporate purposes, including to facilitate the demerger of the TMICC Group from the Unilever Group. Clifford Chance represented J.P. Morgan, Morgan Stanley and the syndicate of dealers with a team composed by: Kate Vyvyan (Partner, Global Financial Markets), Poppy Mitchell (Senior Associate), Simina Sovi (Associate) and Grace Sohn (Trainee).

Clifford Chance advises on €8bn EMTN programme and inaugural €3bn bond for The Magnum Ice Cream Company

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