Pernod Ricard stock: Bond repurchase reaches 1.22 billion euros

Pernod Ricard completed the repurchase of bonds totaling 1.22 billion euros on October 28, 2026, as the spirits group continued to reshape its debt profile. The transaction covered seven existing bond series and followed the placement of 1.5 billion euros in perpetual subordinated bonds.

Ideal Investisseur reported that Pernod Ricard accepted 319.4 million euros from the 2027 maturity line. Accepted tenders across four other lines totaled 900 million euros, while all repurchased securities are due to be cancelled.

Refinancing supports maturity management

The new hybrid bonds consist of two 750 million euro tranches. The first carries a 5.625 percent coupon with a 5.25-year non-call period, while the second carries a 6.125 percent coupon with an eight-year non-call period. The company said the proceeds would support general corporate purposes, including the tender offer.

The refinancing does not remove the group's exposure to funding costs, but it changes the mix and timing of its liabilities. Investors will also watch how management addresses continued pressure on spirits demand and the group's operating outlook.

The real-time quote of Pernod Ricard stock was 67.85 euros on Lang & Schwarz at 10:00:35 CET on Saturday, October 31, 2026.

European investors will continue to assess Pernod Ricard alongside the wider CAC 40 market environment.

The annual general meeting is scheduled for November 20, 2026. More news and analyses on Pernod Ricard stock.