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Barry Callebaut successfully places a CHF 300 million bond
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Monday, 20 January, 2025, 16 : 00 PM [IST]
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Zurich, Switzerland
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Barry Callebaut, the world’s leading manufacturer of high-quality cocoa and chocolate products, has successfully raised an amount of CHF 300 million on the Swiss bond capital markets.
The issuance consists of a six-year tranche of CHF 160 million and a ten-year tranche of CHF 140 million, priced at a coupon of 1.8% and 2.1% respectively per annum. The notes will be traded on the SIX Exchange commencing January 17, 2025, and will be used for general corporate purposes.
Peter Vanneste, CFO, Barry Callebaut Group, said, “We are pleased to have successfully once again entered the Swiss capital markets. The issuance increases our financial flexibility and ability to navigate the further price acceleration we have seen in the volatile cocoa market over recent months.”
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