London & Rotterdam: Unilever announced today the issuance of its first ever Renminbi (Rmb)-denominated bond.
The Rmb 300,000,000 1.15% per cent Fixed Rate Notes due 31st March 2014 (the “Notes”) are issued by Unilever N.V. and guaranteed by Unilever PLC and Unilever United States, Inc.
Unilever’s Renminbi bond is the first issued by a European multinational and the first by a company in the FMCG sector. The Notes, issued in Hong Kong for institutional investors, have an approximate equivalent value of US$45m/€33m.
Graeme Pitkethly, Unilever’s Group Treasurer, explains: “We have clearly defined ambitions in Unilever. This bond brings a new source of high quality funding to fuel those growth plans by increasing our investment in China. We are delighted with the terms of the financing.”
Unilever has a well-established presence in China, serving Chinese consumers with its international brand portfolio as well as with local brands. In order to further its long-term commitment to China, in 2000 Unilever initiated a new strategic blueprint for its operations, which included the development of one of its largest manufacturing sites for home care, personal care, and tea products in Hefei, which exports products to 14 countries. In 2009 Unilever extended its presence further when it opened one of its global research and development centres in Shanghai.
The following Final Terms for the Notes are available for viewing: Final Terms dated 28th March 2011 relating to the Information Memorandum dated 6th May 2010 and Supplemental Information Memorandum dated 28th March 2011 for the US$15,000,000,000 Debt Issuance Programme with Unilever N.V., Unilever PLC and Unilever Japan K.K. as issuers.
Safe Harbour Statement:
This announcement may contain forward-looking statements, including ‘forward-looking statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995. Words such as ‘expects’, ‘anticipates’, ‘intends’, ‘believes’ or the negative of these terms and other similar expressions of future performance or results, and their negatives, are intended to identify such forward-looking statements. These forward-looking statements are based upon current expectations and assumptions regarding anticipated developments and other factors affecting the Group. They are not historical facts, nor are they guarantees of future performance. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including, among others, competitive pricing and activities, economic slowdown, industry consolidation, access to credit markets, recruitment levels, reputational risks, commodity prices, continued availability of raw materials, prioritisation of projects, consumption levels, costs, the ability to maintain and manage key customer relationships and supply chain sources, consumer demands, currency values, interest rates, the ability to integrate acquisitions and complete planned divestitures, the ability to complete planned restructuring activities, physical risks, environmental risks, the ability to manage regulatory, tax and legal matters and resolve pending matters within current estimates, legislative, fiscal and regulatory developments, political, economic and social conditions in the geographic markets where the Group operates and new or changed priorities of the Boards. Further details of potential risks and uncertainties affecting the Group are described in the Group’s filings with the London Stock Exchange, Euronext Amsterdam and the US Securities and Exchange Commission, including the Group’s Annual Report on Form 20-F for the year ended 31 December 2010. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, the Group expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Group’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.