The advisors on Barry Callebaut’s bond placement
Swiss chocolate manufacturer Barry Callebaut underwent a successful bond placement.
In connection with the operation, Advestra advised Barry Callebaut after having already collaborated with the company on another bond issuance dating January 2025. Walder Wyss represented UBS, London Branch and the broader banking syndacate which led the transaction.
The bonds
The issuance, divided in two tranches, amounts to EUR 1.75 billion in aggregate. The first tranche will mature in 2028, setting at EUR 900 milion with a coupon of 3.75% . The second tranche, due in 2031, amounts to EUR 850 million, with a coupon of 4.25%. Both tranches were issued by Barry Callebaut Services NV and guaranteed by Barry Callebaut AG.
ING Bank, Coöperative Rabobank, Société Générale and UBS’ London Branch were the Joint Lead Managers in this transaction.
The issuer
Zurich-based Barry Callebaut is a global manufacturer of high-quality chocolate and cocoa products, holding 15 different brands across the industry. The company is listed on the SIX Swiss Exchange.
The Advestra team
Partner Annette Weber (pictured above) led the Advestra team on the matter, working alongside Thomas Reutter, Mariëlle van Nimwegen and Beau Visser (all capital markets), as well as Céline Martin (tax).
The Walder Wyss team
Partner David Borer (capital markets, pictured) led the Walder Wyss team, with further support from senior associate Laura Tarenzi (capital markets) and partner Maurus Winzap (tax).
