Kering : EUR500m bond issue

Mon Jul 8, 2013 12:28pm EDT

* Reuters is not responsible for the content in this press release.

Kering has issued a €500m, 2.50% fixed-rate bond maturing in July 2020.

This issue, in line with the Group's active liquidity management, enables Kering to diversify its sources of financing and to enhance its funding flexibility through refinancing of existing debt and extension of their average maturity.

The great success of this issue with investors confirms the confidence of the market in the creditworthiness of the Group. Kering's long-term debt is rated BBB with stable outlook by Standard & Poor's.

The placement is managed by Banca IMI, CA-CIB, Commerzbank, Natixis, RBS and SG-CIB.

About Kering
A world leader in apparel and accessories, Kering develops an ensemble of powerful Luxury and Sport & Lifestyle brands: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Sergio Rossi, Boucheron, Dodo, Girard-Perregaux, JeanRichard, Pomellato, Qeelin, Puma, Volcom, Cobra, Electric and Tretorn. By 'empowering imagination' in the fullest sense, Kering encourages its brands to reach their potential, in the most sustainable manner.
Present in more than 120 countries, the Group generated revenues of €9.7 billion in 2012 and had 33,000 employees at year end. The Kering (previously PPR) share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

Contacts

Press
Paul Michon                            +33 (0)1 45 64 63 48                              paul.michon@kering.com
Hélène Saint-Raymond           +33 (0)1 45 64 61 20                              helene.saint-raymond@kering.com

Analysts/investors
Alexandre de Brettes                              + 33 (0)1 45 64 61 49             alexandre.debrettes@kering.com
Edouard Crowley                     + 33 (0)1 45 64 63 28             edouard.crowley@kering.com

Website : www.kering.com




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Kering via Thomson Reuters ONE

HUG#1714989
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.