Group 1 - Kering has issued a single-tranche bond amounting to EUR 750 million with a maturity of 4.5 years and a coupon rate of 3.125% [1] - The bond issue is part of Kering's active liquidity management strategy, aimed at enhancing financial flexibility [1] - The successful bond issue reflects strong market confidence in Kering's credit quality, supported by a long-term rating of 'BBB+' from Standard & Poor's [1] Group 2 - Kering is a global luxury group that includes renowned brands such as Gucci, Saint Laurent, and Bottega Veneta, focusing on ready-to-wear, leather goods, jewelry, and beauty products [2] - In 2024, Kering employed 47,000 people and generated revenue of EUR 17.2 billion, highlighting its significant market presence [2]
Kering: Bond issue for a total amount of EUR 750 million
Globenewswireยท2025-05-20 16:01