Louis Dreyfus Company raises US$540M bond under EMTN program
Louis Dreyfus Company draws wide investor demand as it launches its first EMTN bond issue.
NETHERLANDS – Louis Dreyfus Company Finance B.V. has priced a seven-year senior unsecured bond worth €500 million (about $540 million) under its new Euro Medium Term Note program.
The bond carries a 4.000% coupon and holds a BBB+ rating with a stable outlook from S&P Global Ratings. Investors placed 280 orders that peaked at €6 billion (about $6.48 billion).
Demand came from Europe, the UK, and Asia and signaled strong market trust in the group’s financial position and plans. The company also applied to list the bond on the Luxembourg Stock Exchange regulated market.
“We established our EMTN program to support our long term funding strategy and improve financial flexibility. With our BBB+ rating and stable outlook from S&P Global Ratings, we secured strong funding terms even in volatile markets,” said Sébastien Landerretche, LDC’s Chief Financial Officer.
BNP Paribas, MUFG, Natixis, Rabobank, and SMBC acted as active joint lead managers. The company expects to complete the offering on April 21, 2026, subject to standard closing conditions. It will use the proceeds for general corporate needs.
Separately, Louis Dreyfus Company has started commissioning its pea protein isolate facility in Yorkton, Saskatchewan, in Canada. The site sits within the company’s existing oilseeds processing complex and strengthens its position in plant-based ingredients.
It integrates into LDC’s broader move into value-added crop processing and industrial scale protein production.
“As part of our strategy to diversify revenue through value-added products, we are proud to launch our pea protein isolates portfolio, using our proprietary technology developed through our in-house research and development capabilities,” said James Zhou, LDC’s chief commercial officer and head of Food and Feed Solutions.
He added that the site will help meet rising global demand for plant-based ingredients and expand the company’s range of pea protein, pea fiber, and pea starch products.
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