Kering has successfully raised €750 million by issuing a bond with a 10-year maturity and an annual interest rate of 3.625 percent.
According to Kering, the issuance was widely welcomed by bond investors, showcasing their trust in the company’s financial stability. The luxury goods group has been rated ‘BBB+’ by Standard & Poor’s, confirming its strong credit standing.
The bond issuance is part of Kering’s ongoing strategy for managing liquidity, aimed at boosting the company’s financial flexibility, explained the owner of Gucci in a statement.