The French luxurious group Kering SA has obtained a brand new capital by means of a brand new bonus. The bonus, with a quantity of 750 million euros, has a interval of 4 and a half years and an rate of interest of three,125 %, the father or mother firm of trend homes akin to Gucci, Saint Laurent, Bottega Veneta and Balenciaga introduced on Tuesday.
The issue passed off as a part of the “lively liquidity administration” of the group and permits the group “to extend its monetary flexibility,” Kering defined.
The corporate expressed satisfaction with the response to placement: “The nice success of this downside with bond buyers underlines market confidence in Kering credit standing,” he mentioned in a press release.
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