S&P rates Coca-Cola HBC notes BBB+

S&P said it assigned its BBB+ long-term issue-level credit rating to Coca-Cola HBC Finance BV's €500 million of three-year 2.75% fixed-rate coupon green bond.

Coca-Cola HBC Finance is the wholly owned financing subsidiary of Coca-Cola HBC AG, rated BBB+ by S&P. The parent will guarantee the bonds.

Coca-Cola HBC plans to allocate the proceeds for investments in key areas, including energy-efficient coolers, water and energy efficiency, packaging waste recovery and lower carbon packaging materials, such as recycled PET, or reusable packaging, as well as projects with key agricultural ingredient suppliers.

The outlook is negative.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.