De Brauw has advised Unilever on the issuance of RMB 300 million in Renminbi-denominated notes under Unilever's USD 15 billion debt issuance programme. The notes have an interest of 1.15% annually and are due in 2014.

This is the first time Unilever has issued bonds denominated in Renminbi. Unilever's Renminbi Notes are also the first issued by a European multinational and the first by a company in the fast-moving consumer goods sector. The Notes, issued in Hong Kong for institutional investors, have an approximate equivalent value of USD 45million / EUR 33 million.

Team: Ernest Meyer Swantée, Paul Sleurink, Esther Bromet, René van Tricht and Henk van Ravenhorst