By Devika Patel
Knoxville, Tenn., June 19 – Koninklijke Ahold Delhaize NV said it settled a €600 million offering of its first sustainability bonds.
The 0.25% bonds were sold at 99.272 and mature in six years.
BNP Paribas Securities Corp., BofA Securities, Inc., ING, J.P. Morgan Securities LLC and Rabobank were the bookrunners.
Proceeds will be used for new or existing environmentally friendly projects and community initiatives.
Ahold Delhaize is a food retailer based in Zaandam, the Netherlands.
| Issuer: | Koninklijke Ahold Delhaize NV
|
| Issue: | Sustainability bonds
|
| Amount: | €600 million
|
| Maturity: | June 26, 2025
|
| Bookrunners: | BNP Paribas Securities Corp., BofA Securities, Inc., ING, J.P. Morgan Securities LLC and Rabobank
|
| Coupon: | 0.25%
|
| Price: | 99.272
|
| Pricing date: | June 19
|
| Settlement date: | June 26
|
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