Delhaize Group will buy back own bonds | RetailDetail

Delhaize Group will buy back own bonds

Delhaize Group will buy back own bonds

Belgian Delhaize Group will take advantage of the low interest rates on the financial markets to buy back a part of its own bonds, for a maximum amount of 450 million dollars (400 million euro).

"Debt control"

Delhaize will focus on bonds which will end in 2017 and 2019. These two have a total value of 750 million dollars (665 million euro), of which Delhaize is willing to buy back up bonds worth up to 450 million dollars. "The goal of the purchase is to control our future debt and lower our current interest cost", Delhaize said in a press release.


Analysts are happy with Delhaize's move: "It shows a solid capital control and emphasizes the board's dedication to its shareholders and the maximization of its worth", satisfied ING analyst Matthias Maenhaut told Belgian business newspaper De Tijd.


Delhaize Group also revealed, earlier this week, that its 2014 turnover would be 3.7 % higher than the year before, reaching 21.3 billion euro. It had a Belgian turnover drop, mostly attributed to the labour union strikes at the end of the year.

Questions or comments? Please feel free to contact the editors

The end of the retail employee


For the first time it’s safe to say that the future of work is really fabricated by futuristic events. People will need to become just as versatile as AI technologies and blockchain applications. Are you ready?

Alibaba doubles Lazada investment


Chinese Alibaba will once again invest 2 billion dollars (1.6 billion euro) into e-commerce company Lazada, active in Southeast Asia. It invested a similar sum in the group about two years ago.

CK Hutchison owner steps down


Li Ka-shing, CK Hutchinson’s owner and CEO, will step aside mid-May. The 89-year old will then pass on the baton to his eldest son, Victor Li, who will then take control of chains like Kruidvat and ICI Paris XL.

Toys ‘R’ Us goes bankrupt


The definitive end is approaching for the former toy store giant, Toys “R” Us. After the death sentence was signed for its 100 British stores, its American store network will also shut down.

Unilever chooses Rotterdam


The long-standing rumour has now been confirmed: Unilever will have its main office in Rotterdam, rather than London. The food and detergent giant’s board has made the call after nearly a year of debate.

Claire’s edges closes to bankruptcy


Store chain Claire’s is allegedly preparing to shut down in the next few weeks. Following that, the current owner, Apollo Global Management would give the company to several debtors.

Back to top