Vilmorin to redeem outstanding €346.2 million bonds

By Taylor Fox

New York, March 15 – Vilmorin & Cie plans to redeem the outstanding €346.2 million of its €450 million bond due May 26, 2021, issued in two tranches on May 26, 2014 and March 11, 2015, with a coupon of 2.375%, according to a news release.

The notes will be redeemed in whole at par plus interest using proceeds from Vilmorin’s new issue of €300 million seven-year bonds.

Based in Gerzat, France, the company sells vegetable and crop seeds.

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