1 April 2011
Unilever issues its first ever Renminbi notes
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
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