DSM issues €750 long-term million bond

DSM issues €750 long-term million bond

6:07 AM, 20th September 2016
DSM issues €750 long-term million bond

HEERLEN, NETHERLANDS: Royal DSM, a global science-based company active in health, nutrition and materials has successfully launched a €750 million bond, with a ten-year maturity due in 2026, at a coupon of 0.75 percent.

The new bond issue takes advantage of favorable market conditions and allows the company to lock in low-interest rates in relation to the €750 million bond that matures in 2017.

The terms are laid down in the €4 billion Debt Issuance Program of Royal DSM. The re-offer price was 99.799 percent. Based on this price the yield is 0.771 percent. The bond will be listed on Euronext Amsterdam shortly.

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