THE WHAT? DSM-Firmenich has announced the launch of its inaugural €800 million bond with a 10-year maturity due in 2034 at a coupon of 3.625 percent. The bond will be issued by DSM and guaranteed by DSM-Firmenich under the cross-guarantee structure.

THE DETAILS The re-offer price for the 10-year bond tranche was 99.456 percent. Based on this price, the yield is 3.691 percent. The bonds will be listed on the Luxembourg Stock Exchange shortly.

THE WHY? The proceeds will be used for general corporate purposes, DSM-Firmenich said, including the refinancing of existing debt.