dsm-firmenich announces the successful launch of a €1.5 billion dual-tranche bond issuance, consisting of:

€750 million 3.00% fixed-rate notes due 2031

€750 million 3.75% fixed-rate notes due 2038

The bonds will be issued by DSM B.V. and guaranteed by DSM-Firmenich AG pursuant to the previously established cross-guarantee structure.

The proceeds of the new bonds will be used for refinancing of existing bond maturities.

The re-offer price for the 5-year bond tranche was 99.886%. Based on this price, the yield is 3.025%. The re-offer price for the 12-year bond tranche was 99.100%. Based on this price, the yield is 3.845%. The bonds will shortly be listed on the Luxembourg Stock Exchange.

DSM-Firmenich AG is rated A3 (stable outlook) by Moody’s and A- (stable outlook) by S&P.