Givaudan floats 2.25% CHF Domestic bond of 300mn CHF
19 May '05
1 min read
Fragrance producer Givaudan Finance SA announced that the issue of a CHF 300 million straight bond in the Swiss franc domestic market, guaranteed by Givaudan SA.
The bond carries a 2.25% coupon and has a maturity of 7 years. The purpose of this bond is to refinance a CHF 300 million bond that was issued in 2000 and that will mature end 2005 by taking advantage of the current low interest rates and the favourable new issuance conditions.
It is an Industrial group, producer of fragrances and flavours.
As a result of this long and distinguished history, Givaudan contains within itself the institutional knowledge of predecessor firms dating back to the late eighteenth century, at the dawn of the modern fragrance and flavour industry. Givaudan makes use of its strong product development and research capabilities, including one of the world's oldest perfumery schools, to serve a diverse and distinguished clientele, by creating fragrance and flavour compounds for a variety of products.
Today, Givaudan is a science-smart, modern, and innovative company, with global reach and resources, well positioned to succeed in the twenty-first century.
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