By Cristal Cody
Eureka Springs, Ark., Oct. 26 – Danone SA sold $5.5 billion of notes (Baa1/BBB+) in four tranches on Wednesday, according to a market source.
The company priced $1.2 billion of 1.691% three-year notes at a spread of 67 basis points over Treasuries.
Danone sold $800 million of 2.077% five-year notes at 77 bps over Treasuries.
The $1.5 billion tranche of 2.589% seven-year notes priced with a spread of 100 bps over Treasuries.
The company also sold $2 billion of 2.947% 10-year notes at 115 bps over Treasuries.
Barclays, BNP Paribas Securities Corp., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and HSBC Securities (USA) Inc. were the active bookrunners.
Danone is a food products company based in Paris.
| Issuer: | Danone SA
|
| Amount: | $5.5 billion
|
| Description: | Notes
|
| Bookrunners: | Barclays, BNP Paribas Securities Corp., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, HSBC Securities (USA) Inc.
|
| Trade date: | Oct. 26
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
|
|
| Three-year notes
|
| Amount: | $1.2 billion
|
| Maturity: | Oct. 30, 2019
|
| Coupon: | 1.691%
|
| Spread: | Treasuries plus 67 bps
|
| Price guidance: | Treasuries plus 70 bps area, plus or minus 3 bps
|
|
|
| Five-year notes
|
| Amount: | $800 million
|
| Maturity: | Nov. 2, 2021
|
| Coupon: | 2.077%
|
| Spread: | Treasuries plus 77 bps
|
| Price guidance: | Treasuries plus 80 bps area, plus or minus 3 bps
|
|
|
| Seven-year notes
|
| Amount: | $1.5 billion
|
| Maturity: | Nov. 2, 2023
|
| Coupon: | 2.589%
|
| Spread: | Treasuries plus 100 bps
|
| Price guidance: | Treasuries plus 103 bps area, plus or minus 3 bps
|
|
|
| 10-year notes
|
| Amount: | $2 billion
|
| Maturity: | Nov. 2, 2026
|
| Coupon: | 2.947%
|
| Spread: | Treasuries plus 115 bps
|
| Price guidance: | Treasuries plus 115 bps area, plus or minus 3 bps
|
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