LVMH has mandated Natixis as Global Coordinator to manage its Senior Unsecured Reg S issue equivalent to €9.3bn. The proceeds will be dedicated to the prefinancing of Tiffany & Co acquisition and / or general corporate purposes.
Composed of €7.5bn and £1.55bn spread across 2, 4, 6, 8 and 11-year tranches (EUR) and 3 and 7-year tranches (GBP).
This issue is the second largest EUR/GBP European corporate bond issuance over the last 10 years.
The transaction was largely oversubscribed, notching up €18.75bn and £3.55bn respectively final orders from 1,300 investors.
Natixis is proud to support this world-leading producer of luxury products in strengthening its position in fine jewelry and in further increasing its presence in the United States.