In the Netherlands, Royal DSM issued a €500 million bond at 2.375%, due 2024. The proceeds will be used to refinance their €500 million bond maturing on March 17th.
The terms are laid down in the €4 billion Debt Issuance Program of Royal DSM , with the re-offer price listed at 99.555%. Based on this price the yield is 2.425%. The bond will be listed on Euronext Amsterdam. DSM delivers annual net sales of around €10B.
Category: Fuels