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PARIS - Danone S.A. has completed its offering of €800 million in two-year floating rate senior unsecured notes with no stabilization measures undertaken, according to a statement from JP Morgan SE on Tuesday.
The notes were priced at 100% of face value and will be listed on Euronext Paris. JP Morgan SE served as the stabilization coordinator for the offering, while Credit Agricole CIB, HSBC Bank, ING Bank, MUFG, and Natixis S.A. acted as stabilization managers.
In its announcement, JP Morgan SE confirmed that no stabilization activities, as defined under European Union market abuse regulations and Financial Conduct Authority rules, were performed during the post-stabilization period following the initial announcement on September 1.
Stabilization measures are sometimes implemented by underwriters to support the price of newly issued securities in the immediate aftermarket trading period.
The French food company’s notes were issued without a guarantor, according to the press release statement.
Danone is a global food and beverage company known for products including yogurt, bottled water, and specialized nutrition items. The company has not disclosed the specific intended use of the proceeds from this debt offering.
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