• Kering: Bond issue for a total amount of EUR 750 million

    Source: Nasdaq GlobeNewswire / 14 Nov 2024 11:00:00   America/Chicago

    Press release - Bond issue - November 2024

    PRESS RELEASE
    November 14, 2024

    BOND ISSUE FOR A TOTAL AMOUNT OF EUR 750 MILLION

    Kering has issued a single-tranche bond for a total of EUR 750 million, with a 10-year maturity and a 3.625% coupon.

    This issue, in line with the Group’s active liquidity management, enables Kering to enhance its financial flexibility.

    The great success of this issue with bond investors underscores the market’s confidence in Kering’s credit quality.

    Kering has a long-term rating of 'BBB+' from Standard & Poor's.

    About Kering

    A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods and Jewelry: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin and Ginori 1735, as well as Kering Eyewear and Kering Beauté. By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrow’s Luxury in a sustainable and responsible way. We capture these beliefs in our signature: “Empowering Imagination”. In 2023, Kering had 49,000 employees and revenue of €19.6 billion.

    Contacts

    Press    
    Emilie Gargatte +33 (0)1 45 64 61 20 emilie.gargatte@kering.com   
    Marie de Montreynaud         +33 (0)1 45 64 62 53 marie.demontreynaud@kering.com
         
    Analysts/investors    
    Claire Roblet +33 (0)1 45 64 61 49 claire.roblet@kering.com

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