Nutreco issues USD 250 million private placement

The senior notes, with an average fixed interest of 3.7%, consist of three USD tranches with maturities of five, seven and ten years and a seven year EUR tranche. The issuance was well oversubscribed and the notes have been placed with 15 existing and new institutional investors.

Gosse Boon, CFO and member of Nutreco's Executive Board: "After our successful issuances in 2004 and 2009, Nutreco has again raised long-term debt from the private placement market to further diversify its funding structure and to extend its debt maturity profile. The notes contribute to Nutreco's objective to maintain a healthy capital structure to support our strategy 'Ambition 2016 - driving sustainable growth'."