📋 Tender Overview
Global law firm White Case LLP has advised the joint lead managers BNP Paribas J.P. Morgan Socit Gnrale Corporate Investment Banking Barclays Citigroup CIC Market Solutions HSBC Natixis and SEB on Pernod Ricards 1.5 billion dual tranche bond issue.Pernod Ricard the second largest worldwide producer of wines and spirits has successfully completed the issue of euro-denominated bonds for a total of 1.5 billion in two tranches of 750 million each.The bonds have maturities of five and ten years and bear interest at a rate of 1.125 for the five-year tranche and 1.750 for the ten-year tranche. The bonds were rated Baa1 by Moodys and BBB by SP Global Ratings both with a stable outlook.The transaction was well received by the market with a total order book above 5.5 billion for a total issue size of 1.5 billion. The bonds have been admitted to trading on the regulated market of Euronext in Paris since 6 April 2020.The White Case team in Paris which advised on the transaction was led by partner Grgoire Karila and included partner Alexandre Ippolito and associates Tatiana Uskova Paul-Grgoire Longrois and Guillaume Keusch.
