Barry Callebaut Secures €700 Million in Eurobond Issuance
SHERIDAN, WYOMING – June 11, 2024 – Zurich, Switzerland – June 10, 2024 – Barry Callebaut Group, a global leader in high-quality chocolate and cocoa production, announced today the successful placement of a €700 million Eurobond on the capital markets. The bond, with a 4.0% annual coupon rate, matures on June 14, 2029, and will be traded on the SIX Exchange (ISIN BE6352800765).
The offering attracted significant investor interest, enabling Barry Callebaut to secure favorable long-term financing. The proceeds will be used for general corporate purposes, providing the company with increased financial flexibility in the volatile cocoa market.
"We are pleased with the strong investor demand for our Eurobond," said Peter Vanneste, CFO of Barry Callebaut Group. "This successful issuance strengthens our balance sheet and enhances our financial agility in navigating the dynamic cocoa market."