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dsm-firmenich announces redemption of €750 million hybrid bond
Globenewswire· 2025-07-01 05:00
Core Viewpoint - dsm-firmenich has announced the redemption of a €750 million hybrid bond, which will be executed at 100% of its nominal value plus accrued interest on August 5, 2025 [1]. Company Overview - dsm-firmenich is a Swiss company focused on nutrition, health, and beauty, with dual headquarters in Kaiseraugst, Switzerland, and Maastricht, Netherlands [2]. - The company operates in nearly 60 countries and generates revenues exceeding €12 billion, employing around 30,000 people globally [2]. - dsm-firmenich specializes in creating essential nutrients, flavors, and fragrances using natural and renewable ingredients, supported by advanced science and technology [2]. Financial Details - The hybrid bond, issued on May 27, 2020, has a coupon rate of 3.75% and is classified as equity under IFRS rules [1]. - The redemption of the bond reflects the company's financial strategy and commitment to managing its capital structure effectively [1].