Corporate credit ratings
| Standard & Poor's | Moody's Ratings | |
| Short term | A1 + | P1 |
| Long term | AA - | Aa3 |
| Outlook | Stable | Stable |
| Lead analyst | Maxime Puget | Lorenzo Re |
| Date rating / outlook last changed | 28 June 2017 | 22 October 2019 |
Note: These credit ratings and Outlook are subject to revision at any time.
Debt capital markets
The Nestlé Group sources most of its debt financing directly from the debt capital markets. Please find below a list of our principal capital market debt facilities.
Issuance programs
| Program | Currency | Amount | Guarantor | Issuers |
| Global Commercial Paper Program | EUR | 8 billion | Nestlé S.A. | Nestlé Capital Corporation (USA) Nestlé Finance International Ltd. (Luxembourg) Nestlé Holding (U.K.) PLC Nestlé Australia Ltd (ACN 000 011 316) |
| 4(a)(2) US Commercial Paper Program | USD | 25 billion | Nestlé S.A. | Nestlé Capital Corporation (USA) |
| NEU CP French Commercial Paper | EUR | 2 billion | Nestlé S.A. | Nestlé Finance International Ltd. (Luxembourg) |
| Canadian Commercial Paper | CAD | 1.8 billion | Nestlé S.A. | Nestlé Capital Canada Limited |
| Debt Issuance Program (DIP) | Nestlé S.A. | Nestlé Holdings, Inc. (USA) Nestlé Finance International Ltd. (Luxembourg) Nestlé Holdings, Inc. (USA) also can (and has in the past) issue unguaranteed notes under the DIP. Issues under the DIP may be listed on the London Stock Exchange and/or the Luxemburg Stock Exchange. |
Bond issuers
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Eurobond Market - Reg-S bonds issued from our Debt Issuance Program
Base Prospectus Debt Issuance Programme - 6 June 2019 (pdf, 1 Mb)
Nestlé has passported its DIP Prospectus into the following European Economic Area Member States : Austria, Germany, Netherlands and the United Kingdom.
Issues under the DIP may be listed on the London Stock Exchange and/or the Luxemburg Stock Exchange.
Bonds currently outstanding under the DIP:ISIN Number Issue Date Maturity Date Coupon
Rate %Currency Amount
Issued (M)Final
Terms*XS0878581890 - MATURED 24 Jan 2013 24 Jul 2018 1.375 USD 400 pdf, 55Kb *XS0904222782 - MATURED 19 Mar 2013 19 Jul 2018 3.875 AUD 200 pdf, 58Kb *XS0942464586 11 Jun 2013 11 Dec 2019 2.000 USD 500 pdf, 116Kb *XS0969611978 - MATURED 12 Sep 2013 12 Mar 2019 2.250 USD 500 pdf, 402Kb *XS1000137544 - MATURED 06 Dec 2013 06 Dec 2018 4.125 AUD 400 pdf, 344Kb *XS1045934293 18 Mar 2014 18 Mar 2020 4.250 AUD 250 pdf, 120Kb *XS1055430182 15 Apr 2014 15 Apr 2020 2.750 NOK 1,000 pdf, 140Kb *XS1066895399 14 May 2014 14 Jan 2020 2.125 USD 650 pdf, 145Kb *XS1130303305 03 Nov 2014 03 Nov 2020 3.625 AUD 175 pdf, 103Kb *XS1144352959 02 Dec 2014 30 Sep 2019 2.000 USD 400 pdf, 145Kb
pdf, 101Kb*XS1330975035 09 Dec 2015 09 Dec 2020 1.750 GBP 500 pdf, 98Kb
pdf, 98Kb*XS1376845860 09 Mar 2016 09 Mar 2021 1.875 USD 550 pdf, 96Kb
pdf, 98Kb*XS1730883961 11 Dec 2017 11 Jun 2021 1.000 GBP 500 pdf, 417Kb *XS1445566158 13 Jul 2016 13 Jul 2021 1.375 USD 600 pdf, 137Kb *XS1550117342 18 Jan 2017 18 Jan 2022 2.375 USD 650 pdf, 135Kb *XS1609321986 10 May 2017 10 May 2022 2.250 USD 300 pdf, 134Kb *XS1717575259 17 Nov 2017 17 Nov 2022 2.375 USD 800 pdf, 417Kb *XS1648298559 19 Jul 2017 18 Jul 2025 0.875 EUR 850 pdf, 120Kb *CH0383104335 04 Oct 2017 04 Oct 2027 0.250 CHF 550 pdf, 278Kb *CH0383104343 04 Oct 2017 04 Oct 2032 0.550 CHF 150 pdf, 279Kb *XS1796233150 22 Mar 2018 22 Feb 2023 3.125 USD 600 pdf, 398Kb
pdf, 247KbUS bond market - 144A/Reg-S - issued on a stand alone basis
Bond securities sold to United States Accredited Investors and non-US institutional investors.
These securities are not listed in an exchange.
Issuing and Paying Agent: Citibank NA, New YorkCUSIP / ISIN Number Issue Date Maturity Date Coupon Rate % Currency Amount Issued (M) *641062AJ3 / U74078CB7 24 Sep 2018 24 Sep 2021 3.100 USD 1000 *641062AD6 / U74078BX0 24 Sep 2018 24 Sep 2023 3.350 USD 1500 *641062AE4 / U74078BY8 24 Sep 2018 24 Sep 2025 3.500 USD 900 *641062AF1 / U74078BZ5 24 Sep 2018 24 Sep 2028 3.625 USD 1250 *641062AL8 / U74078CC5 24 Sep 2018 24 Sep 2038 3.900 USD 1250 *641062AN4 / U74078CD3 24 Sep 2018 24 Sep 2048 4.000 USD 2100 * Bond guaranteed by Nestlé S.A.
This page constitutes the website of Nestlé Holdings, Inc. (USA) -
Eurobond Market - Reg-S bonds issued from our Debt Issuance Program
Base Prospectus Debt Issuance Programme - 6 June 2019 (pdf, 1 Mb)
Nestlé has passported its DIP Prospectus into the following European Economic Area Member States : Austria, Germany, Netherlands and the United Kingdom.
Issues under the DIP may be listed on the London Stock Exchange and/or the Luxemburg Stock Exchange.Bonds currently outstanding under the DIP:
ISIN Number Issue Date Maturity Date Coupon
Rate %Currency Amount
Issued (M)Final
TermsXS0805500062 - MATURED 19 Jul 2012 19 Jul 2019 1.500 EUR 500 pdf, 140Kb XS0860561942 30 Nov 2012 30 Nov 2023 2.250 GBP 400 pdf, 260Kb XS0925668625 02 May 2013 04 May 2020 1.250 EUR 500 pdf, 59Kb XS0969795680 12 Sep 2013 10 Sep 2021 2.125 EUR 500 pdf. 421Kb XS1132789949 07 Nov 2014 08 Nov 2021 0.750 EUR 500 pdf, 104Kb XS0826531120 12 Sep 2012 12 Sep 2022 1.750 EUR 850 pdf, 136Kb XS1319652902 16 May 2015 16 Nov 2023 0.750 EUR 500 pdf, 105Kb XS1707074941 02 Nov 2017 18 Jan 2024 0.375 EUR 500 pdf, 416Kb XS1707075328 02 Nov 2017 02 Nov 2029 1.250 EUR 750 pdf, 415Kb XS1707075245 02 Nov 2017 02 Nov 2037 1.750 EUR 750 pdf, 415Kb Please note that all above bonds are guaranteed by Nestlé S.A.
This page constitutes the website of Nestlé Finance International Ltd. -
Stand Alone bonds:
ISIN Number Issuer Issue Date Maturity Date Coupon Rate % Currency Amount Issued (M) Amount Outstanding (M) US751277AN49 NPP 09 May 1991 01 May 2021 9.300 USD 200 63 US751277AQ79 NPP 18 Feb 1992 15 Feb 2022 8.625 USD 250 79 US751277AR52 NPP 02 Feb 1993 01 Feb 2023 8.125 USD 175 44 US751277AS36 NPP 15 Jun 1995 15 Jun 2025 7.875 USD 225 51 Where: NPP - Nestlé Purina PetCare Company, USA
Committed bank facilities
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Dual tranche Syndicated Revolving credit facility – general corporate purposes – Nestlé S.A. – 12 month facility dated 29 October 2019 and expiring on 29 October 2020. Nestlé S.A. has an extension option for a further 12 month period and a term-out option for a 12 month period.
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Dual tranche Syndicated Revolving credit facility (including swingline facility) - general corporate purposes - Nestlé S.A. - 5 year facility dated 29 October 2019 and expiring on 29 October 2024.
Please note that: (a) restrictions on the distribution of the above and attached information may apply in relation to certain jurisdictions and that any persons to whom such restrictions apply should exit this part of the website and not attempt to access any of the documents; (b) where there are no such restrictions, the above and attached information is provided for information purposes only; (c) the above and attached information must not be made available to any other person; and (d) selling restrictions apply to the bonds.