Addleshaw Goddard advises Rémy Cointreau on its first €250 million perpetual hybrid bond issuance

Rémy Cointreau has successfully priced its first issuance of hybrid bonds for a total nominal amount of €250 million.

Addleshaw Goddard advised Rémy Cointreau on its first issuance of undated deeply subordinated fixed rate Resettable Non-Call 5 bonds for a nominal amount of €250 million, with a fixed rate of 6.75%. Rémy Cointreau will have, at its sole discretion, a first option to redeem the bonds early from 7 July 2031 to 7 October 2031.

The net proceeds of the issuance will be used for general corporate purposes, including the refinancing of existing debt. The bonds will receive 50% equity credit from Moody’s. The transaction attracted strong demand, with the order book reaching more than €695 million, representing 2.7 times oversubscription. Settlement and delivery of the bonds took place on 7 October 2026, and the bonds were admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange.

BNP Paribas and Société Générale acted as Global Coordinators and Joint Bookrunners. Crédit Agricole CIB and HSBC acted as Joint Bookrunners. Rothschild & Co acted as Financial Adviser to Rémy Cointreau.

Addleshaw Goddard advised Rémy Cointreau on the transaction, with a team comprising Charles Tissier (Partner) and Camille Josse.

Allen Overy Shearman Sterling LLP acted as legal counsel to the Joint Bookrunners.