This site uses cookies to store information on your computer. Learn more x

Bonds & Credit Rating

As a basis for and contribution to effective risk management and to ensure that the company will be able to pursue its strategies even during periods of economic downturn, Koninklijke DSM N.V. retains a solid financial policy.

北京快3线路 www.4w1e.cn In June 2018 DSM presented its Strategy Update: Growth & Value - Purpose led, Performance driven. With this new strategy DSM will evolve further towards being a purpose-led, science-based company in Nutrition, Health and Sustainable Living. We have created a strong platform for growth, centered on developing innovative solutions addressing Nutrition & Health, Climate & Energy and Resources & Circularity. Increased customer centricity and large innovation projects will enable above-market growth, while we will remain focused on cost control and operational excellence, allowing us to accelerate profit and cash generation. Organic growth will be complemented by acquisitions predominantly in Nutrition.

Most of DSM's external funding needs are financed through long-term debt. Debt covenants are not included in the terms and conditions of outstanding bonds and financing arrangements. DSM aims to spread the maturity profile of outstanding bonds in order to have adequate financial flexibility.

DSM has a commercial paper program of €1,500 million that is available and a committed €1,000 million credit facility maturing in May 2023.

DSM's policy in the various sub-disciplines of the finance function is strongly oriented toward solidity, reliability and protection of cash flows. The finance function plays an important role in business steering.

Credit rating

Royal DSM aims to maintain a strong investment grade long-term credit rating for senior unsecured debt. To this purpose, regular review meetings between rating agencies and DSM senior management are arranged. The rating agencies Moody’s and Standard & Poors have awarded the following ratings for the company’s short-term debt and long-term debt:

Rating Agency Long/short term rating Outlook Last Update
Moody's A3 / P-2 Stable 31 July 2018
Standard & Poor's A- / A-2 Stable 29 March 2018

The weighted average interest rate of the bonds (including derivatives) was 3.28% in 2017 (3.40% in 2016).

Legal disclaimer
This website contains information and documents which are for information purposes only. They neither constitute an offer nor an invitation nor a recommendation to subscribe to or to purchase, to hold or sell securities, nor are the information or documents contained on this website meant to serve as a basis for any kind of obligation, contractual or otherwise.

Publication of prospectuses on this website is done in accordance with legal requirements in connection with the admission to trading of securities.

Distribution of information and documents contained on this website, esp. prospectuses, may be forbidden or limited by legislation of some jurisdictions.

Access is denied to persons to whom these restrictions in such jurisdictions apply. Each visitor to this website is required to inform himself accordingly and to comply with applicable restrictions. Koninklijke DSM N.V. is in no way liable for any such infringement.

THE INFORMATION AND DOCUMENTS CONTAINED ON THIS WEBSITE ARE NOT DIRECTED AT AND MAY NOT BE VIEWED BY OR DISTRIBUTED TO ANY PERSON RESIDENT IN THE UNITED STATES OF AMERICA.

By entering the following parts of this website you confirm that you are not a resident of the United States of America and that you will not distribute any of the information and documents contained thereon to any person resident in the United States of America.

You further acknowledge that the following information and documents neither constitute an offer nor an invitation nor a recommendation to subscribe to or to purchase, to hold or sell securities.

  • 青海“天然林管护+生态扶贫” 5517万亩天然林得到保护 2019-04-22
  • 紫光阁中共中央国家机关工作委员会 2019-04-19
  • 更聪明、更可靠、更低价 广汽传祺全新GS4上市 2019-04-19
  • 第21届上海电影节女性影人大放异彩 2019-04-16
  • 2018年石家庄高中招生计划出炉,家有中考生的快收藏! 2019-04-16
  • 图说互联网(29期):春运购票谨防网络骗局 2019-04-13
  • 中国首档自媒体养老对话节目《丹说养老》,这可能是你看过“最解渴”的养老节目 2019-04-09
  • 文化和旅游部严查严管营业性演出市场 2019-04-09
  • 学消防 可优先就业 2019-04-08
  • 环保部通报9月23日京津冀及周边大气污染防治强化督查情况 2019-04-08
  • 印军战机追踪到了歼20专家可能性微乎其微 2019-04-07
  • 全国实施通关新举措 中国公民排队不超10分钟 2019-04-07
  • 巢湖市烔炀大道等一批项目通过市规委会审议 2019-04-06
  • 专家谈红军遵义整编对军改的启示:扁平化管理 减少指挥层级 2019-04-05
  • 車·晓 第28期 換帥救市立桿見影? 2019-03-16
  • 515| 149| 709| 984| 351| 935| 352| 533| 140| 600|