Kering : Kering : €500m bond issue

                      Kering : Kering : €500m bond issue

Kering has issued a €500m, 2.50% fixed-rate bond maturing in July 2020.

This issue, in line with the Group's active liquidity management, enables
Kering to diversify its sources of financing and to enhance its funding
flexibility through refinancing of existing debt and extension of their
average maturity.

The great success of this issue with investors confirms the confidence of the
market in the creditworthiness of the Group. Kering's long-term debt is rated
BBB with stable outlook by Standard & Poor's.

The placement is managed by Banca IMI, CA-CIB, Commerzbank, Natixis, RBS and
SG-CIB.

About Kering
A world leader  in apparel  and accessories,  Kering develops  an ensemble  of 
powerful Luxury and  Sport &  Lifestyle brands: Gucci,  Bottega Veneta,  Saint 
Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ,  Stella 
McCartney,  Sergio  Rossi,  Boucheron,  Dodo,  Girard-Perregaux,  JeanRichard, 
Pomellato, Qeelin, Puma, Volcom, Cobra,  Electric and Tretorn. By  'empowering 
imagination' in the fullest sense, Kering encourages its brands to reach their
potential, in the most sustainable manner.
Present in  more than  120 countries,  the Group  generated revenues  of  €9.7 
billion in 2012 and had 33,000  employees at year end. The Kering  (previously 
PPR) share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

Contacts

Press
Paul    Michon     +33     (0)1    45     64     63 
48 paul.michon@kering.com
Hélène      Saint-Raymond      +33      (0)1      45      64      61 
20 helene.saint-raymond@kering.com

Analysts/investors
Alexandre  de  Brettes  +   33  (0)1  45  64   61 
49 alexandre.debrettes@kering.com
Edouard  Crowley  +  33  (0)1  45  64  63   28 
edouard.crowley@kering.com

Website : www.kering.com
PRKering_BondIssue_08072013

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Kering via Thomson Reuters ONE
HUG#1714989
 
Press spacebar to pause and continue. Press esc to stop.