Kering Enhances Financial Flexibility with €750 Million Bond
Kering Enhances Financial Flexibility with €750 Million Bond
Kering has successfully issued a vibrant single-tranche bond amounting to €750 million. This new financial move highlights the company's ongoing commitment to strengthening its liquidity and operational flexibility.
Key Features of the Bond
The bond features a maturity period of 4.5 years and carries an attractive coupon rate of 3.125%. This competitive rate is designed to appeal to a wide range of investors, showcasing Kering's solid financial positioning.
Market Confidence in Kering
The strong reception of this bond issue among investors underscores the significant trust in Kering's credit quality. The enduring market confidence is reflected in Kering's long-term credit rating of 'BBB+' from reputable credit rating agency Standard & Poor's.
About Kering
Founded as a family-led global luxury group, Kering houses a dynamic array of passionate creators and experts committed to maintaining a sustainable creative heritage. Kering's exquisite portfolio includes renowned brands such as Gucci, Saint Laurent, Bottega Veneta, Balenciaga, and many others, encompassing sectors from ready-to-wear fashion to eyewear and beauty.
Kering’s Commitments
Kering passionately pursues excellence and is deeply committed to sustainability and cultural heritage. The brand's motto, "Creativity is our Legacy", encapsulates their approach to business and innovation.
Recent Developments
In the previous financial year, Kering reported impressive revenues of €17.2 billion and employed a workforce of about 47,000 individuals. These remarkable figures reinforce Kering's standing in the luxury market and highlight the effective management of its diverse portfolio.
Press Contacts
If you have any inquiries regarding this bond issue, you may contact Emilie Gargatte at +33 (0)1 45 64 61 20 or via email at emilie.gargatte@kering.com. Additionally, Marie de Montreynaud can be reached at +33 (0)1 45 64 62 53 or marie.demontreynaud@kering.com.
Frequently Asked Questions
What is the total amount of the bond issued by Kering?
Kering issued a total bond amount of €750 million.
What is the maturity period of the bond?
The bond has a maturity period of 4.5 years.
What is Kering's credit rating?
Kering holds a long-term credit rating of 'BBB+' from Standard & Poor's.
Which luxury brands are part of Kering?
Kering's brand portfolio includes Gucci, Saint Laurent, Bottega Veneta, Balenciaga, and more.
How does Kering view its commitment to sustainability?
Kering emphasizes sustainability as a core value, encapsulated by their motto: "Creativity is our Legacy."
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