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."
BNP Paribas served as the Global Coordinator and bookrunner for the issuance, with ING, J.P. Morgan, Rabobank, and Société Générale acting as joint lead managers and active bookrunners.
About Barry Callebaut Group
With annual sales of approximately CHF 8.5 billion in fiscal year 2022/23, the Zurich-based Barry Callebaut Group is the world's leading manufacturer of chocolate and cocoa products. The company's diverse portfolio ranges from sourcing and processing cocoa beans to producing premium chocolates, fillings, decorations, and compounds. Barry Callebaut operates 66 production facilities worldwide and employs a dedicated global workforce of over 13,000 people.
The company serves the entire food industry, from industrial manufacturers to artisanal and professional chocolatiers, pastry chefs, bakers, hotels, restaurants, and caterers. Its renowned brands include Callebaut®, Cacao Barry®, Carma®, and Mona Lisa®.
Barry Callebaut is committed to making sustainable chocolate the norm by ensuring future cocoa supplies and improving farmer livelihoods. The company actively supports the Cocoa Horizons Foundation in its mission to shape a sustainable cocoa and chocolate future.
For more information, please visit: www.barry-callebaut.com