dsm-firmenich Moves to Redeem €750 Million Hybrid Bond
dsm-firmenich Moves to Redeem €750 Million Hybrid Bond
dsm-firmenich, a leader in nutrition, health, and beauty, has announced its decision to call and redeem a significant €750 million hybrid bond. This important bond, classified as Deeply Subordinated Fixed Rate Resettable Perpetual Loan Notes, was initially issued on May 27, 2020, by Firmenich International SA. With a coupon rate of 3.75%, this financial instrument has been treated as part of equity in accordance with IFRS regulations.
Details of the Bond Redemption
The redemption process is set to take place with the company exercising its right to redeem the bond at 100% of its nominal value plus accrued interest. This strategic financial move reflects dsm-firmenich's robust approach to managing its capital structure and obligations. Stakeholders can expect the formal notice regarding this redemption to follow the terms and conditions associated with the hybrid bond.
Significance of This Financial Move
This redemption highlights dsm-firmenich's commitment to optimizing its financial resources and ensuring sustainable growth. By managing its debt portfolio effectively, the company aims to enhance shareholder value and strengthen its position in the global market. This move is indicative of the company's sound financial oversight and long-term planning strategies.
About dsm-firmenich
dsm-firmenich is recognized for its innovative solutions in the fields of nutrition, health, and beauty. The company is dedicated to manufacturing and reinventing essential nutrients, flavors, and fragrances, underscoring its role in supporting the growing global population. dsm-firmenich prides itself on using natural and renewable ingredients, coupled with cutting-edge science and technology, to create products that not only fulfill consumer desires but also promote sustainability.
Company Operations and Reach
With dual headquarters in Kaiseraugst, Switzerland, and Maastricht, Netherlands, dsm-firmenich operates in nearly 60 countries, boasting revenues that exceed €12 billion. The company employs an impressive team of around 30,000 professionals worldwide, all committed to bringing progress and innovation to life. As part of its mission, dsm-firmenich seeks to create a positive impact across its diverse product lines, which are essential for modern living while being mindful of environmental sustainability.
Connecting with dsm-firmenich
For individuals or organizations seeking further information or wishing to engage with the company regarding investor relations or media inquiries, dsm-firmenich offers clear channels of communication. Interested parties can reach out via email for any inquiries related to investor relations or media relations, ensuring that all stakeholders have access to necessary information promptly.
Frequently Asked Questions
What is the total amount of the hybrid bond being redeemed?
dsm-firmenich is redeeming a total of €750 million in hybrid bonds.
When was the hybrid bond originally issued?
The hybrid bond was originally issued on May 27, 2020.
What is the coupon rate of the hybrid bond?
The hybrid bond has a coupon rate of 3.75%.
Who issued the hybrid bond?
The hybrid bond was issued by Firmenich International SA, a direct subsidiary of dsm-firmenich A.G.
How can I contact dsm-firmenich for investor inquiries?
You can contact dsm-firmenich at their investor relations email: investors@dsm-firmenich.com.
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