The French luxury goods group Kering SA has gained fresh capital through a new bond.
The debt bond in the volume of 750 million euros has a term of four and a half years and a interest rate of 3.125 percent, the parent company announced of fashion houses such as Gucci, Saint Laurent, Bottega Veneta and Balenciaga on Tuesday.
The edition was carried out in the course of the group’s “active liquidity management” and enables the group of companies to “increase their financial flexibility”, explained Kering.
The company was satisfied with the response to the placement: “The great success of this emission among the bond investors underlines the trust of the market in the creditworthiness of Kering,” says a message.