Barry Callebaut, the world’s leading manufacturer of high-quality cocoa and chocolate products, has successfully raised an amount of CHF 300 million on the Swiss bond capital markets.
The issuance consists of a six-year tranche of CHF 160 million and a ten-year tranche of CHF 140 million (the “Notes”), priced at a coupon of 1.8% and 2.1% respectively per annum. The Notes will be traded on the SIX Exchange commencing January 17, 2025 (ISIN CH1400064569 (6-year tranche); (ISIN CH1400064577(10-year tranche)) and will be used for general corporate purposes. Peter Vanneste, CFO of the Barry Callebaut Group, commented: “We are pleased to have successfully once again entered the Swiss capital markets. The issuance increases our nancial exibility and ability to navigate the further price acceleration we have seen in the volatile
cocoa market over recent months.”
ING Bank, Rabobank, Société Générale and UBS acted as joint lead managers and UBS as sole bookrunner for the issuance.
