FRANCE: Remy Cointreau to raise EUR65m from bond issue

By | 14 August 2013

The group is aiming to raise EUR65m from the bonds

The group is aiming to raise EUR65m from the bonds

Remy Cointreau has issued EUR65m (US$86.3m) worth of ten-year bonds. 

The bonds, announced yesterday (13 August), have a fixed 4% coupon and are listed on the NYSE Euronext Brussels market, the Paris-based company said. The funds will allow the group to “strengthen its resources and extend its debt maturity”, it said. 

The bonds, issued by Remy's Financière Rémy Cointreau SA/NV subsidiary, were placed with a “limited number of international institutional investors”.

Last month, the group reported a slip in first-quarter sales as a crackdown on gifting to civil servants and a ban on alcohol at luxury banquets in China took its toll.

Expert analysis

Spirits in BRIC to 2015: Market Guide

Synopsis Canadean’s, "Spirits in BRIC to 2015: Market Guide" provides in-depth detail on the trends and drivers of the Spirits market in BRIC. The report includes quantitative information (historic and forecast market values). The report provides data, analyses and opinion to help companies in the Alcoholic Drinks industry better understand the changes in their environment, seize opportunities and formulate crucial business strategies. Summary This report is the result of Canadean’s extensive market research covering the Spirits market in BRIC. The report provides a top-level overview and detailed insight into the operating environment for the Spirits market in BRIC. It is an essential tool for companies active across the Alcoholic Drinks value chain and for new players that are considering entering the market. Scope • Overview of the Spirits market in BRIC. • Analysis of the Spirits market and its categories (where applicable), including full year 2010 consumption value and forecasts until 2015 • Historic and forecast consumption values for Spirits for the period 2005 through to 2015 Reasons To Buy • The report provides you with important figures for the Spirits market in BRIC with individual country analysis. • The report will help you to identify trends by analyzing historical industry data. • The report will help you analyze the market with detailed historic and forecast market values, segmented at category level (where applicable). • The report will help you to enhance your knowledge of the market with key figures on consumption value and segmentation by category for the historic period. • The report will help you to plan future business decisions using forecast figures for the market. Key Highlights NA

Sectors: Spirits

Companies: Remy Cointreau

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