In September 2022 tapped bond markets with a 650 Mio EUR 5-year issuance for general corporate purposes and to repay upcoming maturities of existing financial liabilities.
Bonds
Disclaimer
The information contained on the web-pages behind this filter does not constitute an offer of or an invitation by or on behalf of Henkel AG & Co. KGaA or any of its subsidiaries to subscribe for or purchase securities of Henkel AG & Co. KGaA or any of its subsidiaries, but is provided as a matter of record only.
In particular, the information contained on this website does not constitute an offer of securities for sale or solicitation of an offer to buy securities in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
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The issuance of bonds is mainly used to finance acquisitions and to restructure existing debt. The bonds are issued flexible in various currencies and maturities depending on financing needs.
Issued Bonds
In November 2021 based on the new Sustainable Finance Framework published in October 2021, Henkel issued two bonds with 500 Mio EUR and 250 Mio USD with tenors of 11 and 5 years respectively.
In September 2019, Henkel placed bonds with a total volume of 750 million GBP in order to repay parts of the Group’s current commercial paper liabilities. A 350 million GBP bond is still running until September 2026.
The following table shows Henkel’s currently outstanding bonds:
Bonds | ||||
|---|---|---|---|---|
| Maturity Year | 2026 | 2027 | 2032 | |
| Currency | GBP | USD | EUR | EUR |
| Volume | 350 million | 250 million | 650 million | 500 million |
| Sustainability link1 | – | Sustainability-Linked Bond | Sustainability-Linked Bond | Sustainability-Linked Bond |
| Coupon | 1.25% p.a. | 1.75% p.a. | 2.625% p.a | 0.50% p.a. |
| Maturity | 09/30/2026 | 11/17/2026 | 09/13/2027 | 11/17/2032 |
| Issuing year | 2019 | 2021 | 2022 | 2021 |
| Issuing price | 99.99% | 99.692% | 99.649% | 99.989% |
| Initial yield | 1.25% p.a. | 1.815% p.a. | 2.701% p.a | 0.501% |
| Day count convention | Act/Act | 30/360 | Act/Act | Act/Act |
| Denomination | 100,000 GBP | 200,000 USD | 100,000 EUR | 100,000 EUR |
| Security code no. | A2YN23 | A3MQMB | A30VN3 | A3MQMC |
| ISIN | XS2057835808 | XS2407954002 | XS2530219349 | XS2407955827 |
| Listing | Regulated Market of the Luxembourg Stock Exchange | |||
| Issuer | Henkel AG & Co. KGaA | |||
| Rating | Moody's: A2 (Stable Outlook) | |||
| Final Terms | ||||
1 The Sustainability-Linked Bonds use the following Sustainability Performance Targets:
"SPT 1" (Scope 1+2 Emissions), "SPT 2" (Scope 3 Emissions), "SPT 3" (Recycled Plastic). For details please see section "Indicators" in the Sustainability Report.
Abbreviation for “Kommanditgesellschaft auf Aktien.” A KGaA is a company with a legal identity (legal entity) in which at least one partner has unlimited liability with respect to the company’s creditors (personally liable partner, aka general partner), while the liability for such debts of the other partners participating in the share-based capital stock is limited to their share capital (limited shareholders).
Financial Glossary SchließenDebt Issuance Program
Henkel usually issues bonds under standardized conditions in the framework of a Debt Issuance Program. This is explained in the Information Memorandum, dated 18 March 2024, which serves as prospectus in Germany and Luxembourg. Under this program, Henkel can issue up to 10 bn. euros in securities.
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