Danone says launches 1 bln eur bond

PARIS Thu Nov 7, 2013 12:12pm EST

PARIS Nov 7 (Reuters) - French yoghurt maker Danone said it successfully launched a 1 billion euro ($1.34 billion) eight-year bond on Thursday.

"Funds raised will enable Danone to fund its growth and extend the maturity of its debt at favourable market conditions," Danone said on its website.

The bond will pay a coupon of 2.25 percent and was "widely subscribed by a diversified investor base", Danone said.

Danone is rated A- stable by Standard & Poor's and A3 stable by Moody's rating agency. ($1 = 0.7472 euros) (Reporting by James Regan; Editing by Astrid Wendlandt)