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.
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Issued Bonds
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Debt Issuance Program
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 July 2020, Henkel concluded a plastic waste reduction bond as the first company globally. The bond consists of two tranches of 70 million USD and 25 million EUR and has a maturity of five years.
In April 2020, Henkel placed a 330 million CHF bond at the Swiss stock exchange. The proceeds from the issue were used for the repayment of the USD bond in June. Furthermore, the proceeds are used as a liquidity buffer during the COVID-19 crisis.
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.
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.
The following table shows Henkel’s currently outstanding bonds:
2019 | 2020 | 2021 | 2022 | ||||||
|---|---|---|---|---|---|---|---|---|---|
Currency | GBP | GBP | GBP | CHF | USD | EUR | EUR | USD | EUR |
Volume | 400 million | 350 million | 100 million | 330 million | 70 million | 25 million | 500 million | 250 million | 650 million |
Coupon | 1.00% p.a. | 1.25% p.a. | 1.00% p.a. | 0.2725% p.a. | 1.042% p.a. | 0.12% p.a. | 0.50% p.a. | 1.75% | 2.625% p.a |
Maturity | 30.09.2022 | 30.09.2026 | 30.09.2022 | 28.04.2023 | 07.07.2025 | 10.07.2025 | 17.11.2032 | 17.11.2026 | 13.09.2027 |
Issuing price | 100% | 99.99% | 100.22% | 100% | 100% | 100% | 99.989% | 99.692% | 99.649% |
Initial yield | 1.00% p.a. | 1.25% p.a. | 0.91% p.a. | 0.2725% p.a. | 1.042% p.a. | 0.12% p.a. | 0.501% | 1.815% | 2.701% p.a |
Day count convention | Act/Act (ICMA) | Act/Act (ICMA) | Act/Act (ICMA) | 30/360 | 30/360 | Act/Act (ICMA) | Act/Act (ICMA) | 30/360 (ISMA) | Act/Act (ICMA) |
Denomination | 100,000 GBP | 100,000 GBP | 100,000 GBP | 5,000 CHF | 200,000 USD | 200,000 EUR | 100,000 EUR | 200,000 USD | 100,000 EUR |
WKN | A2YN22 | A2YN23 | A254YF | A289R9 | A289QD | A289X0 | A3MQMC | A3MQMB | A30VN3 |
ISIN | XS2057835717 | XS2057835808 | XS2108492468 | CH0541537996 | XS2198440260 | XS2202774969 | XS2407955827 | XS2407954002 | XS2530219349 |
Listing | Regulated Market of the | SIX Swiss Exchange Ltd. | not listed | not listed | Regulated Market of the | ||||
| Issuer | Henkel AG & Co. KGaA | ||||||||
Rating | Moody's: A2 (Stable Outlook) S&P: A (Stable Outlook) | ||||||||
Henkel usually issues bonds under standardized conditions in the framework of a Debt Issuance Program. This is explained in the Information Memorandum, dated August 26, 2022, which serves as prospectus in Germany and Luxembourg. Under this program, Henkel can issue up to 10 bn. euros in securities.
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), 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).
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