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.
In September 2016, Henkel issued fixed-rate bonds with a total volume of 2.2 billion euros for the purpose of financing a major portion of the acquisition of The Sun Products Corporation. The first tranches with volumes of 500 million euros and 750 million USD matured on September 13, 2018, respectively September 13, 2019.
In June 2017, Henkel placed a 600 million US dollar bond in the eurodollar market. The proceeds from the issue were used to finance Henkel’s acquisitions.
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.
In January 2020, Henkel increased the existing 400 million GBP bond with an additional tranche of 100 million GBP. The proceeds from the issue were used in order to repay further parts of the commercial paper liabilities.
The following table shows Henkel’s currently outstanding bonds:
