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Kering issues new 750 million euro bond

Kering issues new 750 million euro bond

Fashion United21-05-2025
The French luxury group Kering SA has obtained fresh capital by means of a new bond. The bond, with a volume of 750 million euros, has a term of four and a half years and an interest rate of 3.125 percent, the parent company of fashion houses such as Gucci, Saint Laurent, Bottega Veneta and Balenciaga announced on Tuesday.
The issue took place as part of the group's 'active liquidity management' and enables the group to 'increase its financial flexibility,' Kering explained.
The company expressed satisfaction with the response to the placement: 'The great success of this issue with bond investors underlines the market's confidence in Kering's credit rating,' it said in a statement. This article was translated to English using an AI tool.
FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@fashionunited.com
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