The Magnum Ice Cream Company successfully completes €3 billion debut bond issuance

Core Viewpoint - The Magnum Ice Cream Company successfully completed a €3 billion debut bond issuance, marking a significant milestone as it transitions into a standalone entity [1][2]. Group 1: Bond Issuance Details - The bond issuance was conducted by Magnum ICC Finance B.V. and consisted of four tranches, each amounting to €750 million with varying fixed interest rates and maturity dates ranging from February 2029 to November 2037 [2][3]. - The issuance was part of a newly established €8 billion Euro Medium Term Note programme, which is guaranteed by The Magnum Ice Cream Company B.V. and its holding company [2][3]. Group 2: Market Response and Ratings - The bond offering was highly successful, with the order book being oversubscribed by over seven times, indicating strong market interest and confidence in the company's strategy [2]. - The Notes received ratings of "BBB" from S&P and "Baa2" from Moody's, reflecting a stable credit outlook [3]. Group 3: Use of Proceeds - The net proceeds from the bond issuance will be utilized for general corporate purposes, including facilitating the demerger from the Unilever Group [3]. Group 4: Company Overview - The Magnum Ice Cream Company is the largest ice cream company globally, with a diverse portfolio that includes brands like Magnum, Ben & Jerry's, Wall's, and Cornetto, and operates nearly 3 million freezers across 80 countries [7]. - The company reported revenues of €7.9 billion in 2024, showcasing its significant market presence [7].