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Louis Dreyfus Commodities Announces Issuance of Inaugural Unrated Senior €400 Million Eurobond

Louis Dreyfus Commodities Announces Issuance of Inaugural Unrated Senior €400 Million Eurobond
Published: Jul 31, 2013

ROTTERDAM, THE NETHERLANDS, 31 July 2013 – Louis Dreyfus Commodities B.V. completed yesterday a € 400 million, 5-year, 3.875% inaugural Eurobond issuance, without ratings. 

The net proceeds of the offering will be used for general corporate purposes and investments, in accordance with the company’s long-term growth strategy.

“This move will strengthen the financial position of Louis Dreyfus Commodities by extending the maturity of the company’s debt, diversifying our sources of financing and increasing our long-term commitment” commented Ciro Echesortu, Chief Executive Officer of Louis Dreyfus Commodities.

This transaction follows the company’s successful entry into the debt capital markets in September 2012, with a $350 million hybrid perpetual bond listed on the Singapore Stock Exchange.

“As we access the euro debt capital markets for the very first time, in order to benefit from additional financing opportunities, we are pleased to see investors confirm their confidence in our robust business model and credit profile” said Claude Ehlinger, Chief Financial Officer of Louis Dreyfus Commodities.

BNP Paribas, ING, Natixis and Société Générale Corporate and Investment Banking are joint lead managers on the deal.


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