Ahold Delhaize's debt and liquidity management objectives are:
- Achieving an efficient balance sheet
- Maintaining strong liquidity
- Reducing refinancing risk
We do this through a balance between:
- Refinancing maturing debt
- Repurchasing expensive debt
Updated debt maturity profile as per February 2018:
Ahold Delhaize successfully priced a dual tranche debt offering of fixed rate notes and floating rate notes for a total amount of €800 million
Zaandam, the Netherlands, March 12, 2018 – Koninklijke Ahold Delhaize N.V. announced today that it has successfully launched and priced €500 million fixed rate notes due in 2026 and €300 million floating rate notes due in 2021.
The 8-year fixed rate notes will bear a coupon of 1.125 per cent per annum and were issued at a price of 99.107 per cent of the nominal value.
The 3-year floating rate notes will bear a coupon of 18 basis points over 3-month EURIBOR per annum and were issued at a price of 100.449 per cent of the nominal value.