ROTTERDAM, THE NETHERLANDS, 4 December 2013 – Louis Dreyfus Commodities B.V. successfully completed today an unrated € 500 million, 7-year, 4% Eurobond issuance. The instrument is listed in the Luxembourg Stock Exchange.
This transaction follows the company’s entry into the debt capital markets in September 2012, with a $350 million hybrid perpetual bond listed on the Singapore Stock Exchange, and its € 400 million, 5-year, 3.875% inaugural Eurobond issuance in July 2013.
“Market conditions enabled us to seize the opportunity to pursue the diversification of Louis Dreyfus Commodities’ funding sources and extend the company’s long term debt maturity. The transaction benefited from a high quality orderbook, peaking in excess of €1.8 billion. The high granularity of the accounts indicated a strong interest level from investors in our robust business model and credit profile”, said Claude Ehlinger, Chief Financial Officer of Louis Dreyfus Commodities.
BNP Paribas, Citigroup, Crédit Suisse and HSBC are joint lead managers on the deal.