Friesland­Campina places a EUR 300 million subordinated bond

The offering was well oversubscribed and attracted attention from a wide-ranging group of institutional investors. The bonds are listed at Euronext Dublin. The proceeds will be used for general corporate purposes.

Jaska de Bakker, the CFO of Royal FrieslandCampina N.V., expressed her satisfaction regarding this hybrid bond being issued, adding: ‘This subordinated bond strengthens FrieslandCampina’s equity base and marks another milestone in our financial strategy to diversify our sources of capital.’

The Members' Council of Zuivelcoöperatie FrieslandCampina U.A. approved the bond issue in its meeting on 17 December 2019. ABN AMRO and JP Morgan acted as Structuring Agents and Joint Bookrunners. Rabobank, ING and Citigroup acted as Joint Bookrunners.

This communication is not for release, distribution or publication, whether directly or indirectly and whether in whole or in part, into or in the United States, or any (other) jurisdiction where any of such activities would constitute a violation of the relevant laws of such jurisdiction. The bonds have not been and will not be registered under the US Securities Act of 1933, as amended (the “US Securities Act”) and will also not be registered with any authority competent with respect to securities in any state or other jurisdiction of the United States of America. The bonds may not be offered or sold in the United States of America without either registration of the securities or an exemption from registration under the US Securities Act being applicable.