04:37 AM EDT, 10/22/2026 (MT Newswires) -- Pernod Ricard (RI.PA) placed hybrid bonds worth 1.5 billion euros in aggregate with qualified investors, according to a Thursday release. The French wines and spirits company will issue the euro-denominated, undated, non-call, deeply subordinated, fixed-rate resettable notes in two tranches of 750 million euros each. The perpetual non-call 5.25 tranche is priced at a coupon of 5.625% and the perpetual non-call 8 tranche at 6.125%. Settlement is scheduled for Oct. 28, with an application to be made for the bonds' listing on Euronext Paris. Net proceeds will be used for general corporate purposes, including the financing of the ongoing tender offer for seven existing series of notes.

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