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Debt investors

Corporate credit ratings

 Standard & Poor'sMoody's Ratings 
Short termA1 +P1
Long termAA -Aa3
OutlookStableStable
Lead analystSalvio CascarinoLorenzo Re
Date rating / outlook last changed28 June 201722 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

ProgramCurrencyProgram sizeGuarantorIssuers
Global Commercial Paper ProgramEUR25 billionNestlé 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 ProgramUSD25 billionNestlé S.A.Nestlé Capital Corporation (USA)
NEU CP French Commercial PaperEUR2 billionNestlé S.A.Nestlé Finance International Ltd. (Luxembourg)
Canadian Commercial PaperCAD1.8 billionNestlé S.A.Nestlé Capital Canada Limited
Australian Medium Term Note Program (A$MTN)AUD Nestlé S.A.Nestlé Capital Corporation (USA)
Debt Issuance Program (DIP)  Nestlé S.A.Nestlé Capital Corporation (USA)
Nestlé Holdings, Inc. (USA)
Nestlé Finance International Ltd. (Luxembourg)

Future issues under the DIP may be listed on the Luxemburg Stock Exchange.

 

Bond issuers

Stand alone bonds:
Swiss issuer: 35% withholding tax on coupon payments stand alone Swiss documentation; listed as SIX (Switzerland)

ISIN Number Issue Date Maturity Date Coupon Rate % Currency Amount Issued (M)
CH01300277832 20 Nov 2023 20 Nov 2027 1.625 CHF 155
CH01300277840 20 Nov 2023 20 Nov 2031 1.875 CHF 215
CH01300277857 20 Nov 2023 20 Nov 2036 2.000 CHF 210
CH01273475397 28 Jun 2023 28 Jun 2029 1.875 CHF 300
CH01273475405 28 Jun 2023 28 Jun 2033 2.000 CHF 450
CH01273475413 28 Jun 2023 28 Jun 2038 2.125 CHF 400
CH0419042491 28 Jun 2018 28 Jun 2024 0.250 CHF 900
CH0419042509 28 Jun 2018 28 Jun 2028 0.750 CHF 600
CH1194355108 15 Jul 2022 15 Jul 2026 1.625 CHF 675
CH1194355116 15 Jul 2022 15 Jul 2030 2.125 CHF 475
CH1194355124 15 Jul 2022 14 Jul 2034 2.500 CHF 350
CH1221150506 8 Nov 2022 7 Nov 2025 1.625 CHF 360
CH1226543838 8 Nov 2022 8 Nov 2029 2.250 CHF 310
CH1226543846 8 Nov 2022 8 Nov 2035 2.625 CHF 260

Eurobond Market - Reg-S bonds issued from our Debt Issuance Program

Base prospectus - February 2024 (pdf, 2Mb)
DIP supplement - March 2024 (pdf, 200Kb)

View the Debt Issuance Program documents

Nestlé has passported its DIP Prospectus into the following European Economic Area Member States: Austria, Germany, Netherlands.
Further issues under the DIP may be listed on the Luxemburg Stock Exchange.

Bonds currently outstanding under the DIP:

ISIN NumberIssue DateMaturity DateCoupon
Rate %		CurrencyAmount
Issued (M)		Final
Terms
*XS164829855919 Jul 2017 18 Jul 2025 0.875EUR850pdf, 120Kb
*CH038310433504 Oct 2017 04 Oct 2027 0.250CHF550pdf, 278Kb
*CH038310434304 Oct 2017 04 Oct 2032 0.550CHF150pdf, 279Kb
*XS235427109523 Jun 2021 18 Dec 2025 0.625GBP600pdf, 115Kb
*XS235430819423 Jun 2021 23 Jun 2033 1.375GBP400pdf, 115Kb
*XS236391493313 Jul 2021 13 Jul 2026 1.125USD300pdf, 170Kb
*CAU74078CQ4122 Nov 2021 29 Jan 2029 2.192CAD2000 
*XS24644075144 Apr 20224 Apr 20272.125GBP300pdf, 130Kb
*XS24644078604 Apr 20224 Apr 20322.500GBP600pdf, 135Kb
*XS268904425821 Sep 202321 Sep 20265.250GBP400pdf, 115Kb
*XS268904662621 Sep 202321 Sep 20325.130GBP400pdf, 115Kb

View the list of bonds issued under the DIP which matured in the last 24 months

US 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 N.A., New York

CUSIP / ISIN NumberIssue DateMaturity Date Coupon Rate %CurrencyAmount Issued (M)
*641062 AE4 / U74078BY824 Sep 2018 24 Sep 2025 3.500USD900
*641062 AF1 / U74078BZ524 Sep 2018 24 Sep 2028 3.625USD1250
*641062 AL8 / U74078CC524 Sep 2018 24 Sep 2038 3.900USD1250
*641062 AN4 / U74078CD324 Sep 2018 24 Sep 2048 4.000USD2100
*641062 AR5 / USU74078CF8915 Sep 2020 15 Jan 2026 0.625USD750
*641062 AS3 / USU74078CG6215 Sep 2020 15 Sep 2027 1.000USD1100
*641062 AT1 / USU74078CH4615 Sep 2020 15 Sep 2030 1.250USD1000
*641062 AU8 / USU74078CJ0214 Sep 2021 14 Sep 2024 0.606USD1500
*641062 AV6 / USU74078CK7414 Sep 2021 14 Jan 2027 1.150USD500
*641062 AW4 / USU74078CL5714 Sep 2021 14 Sep 2028 1.500USD1000
*641062 AX2 / USU74078CM3114 Sep 2021 14 Sep 2031 1.875USD1000
*641062 AY0 / USU74078CN1414 Sep 2021 14 Sep 2041 2.500USD500
*641062 AZ7 / USU74078CP6114 Sep 2021 14 Sep 2051 2.625USD500
*641062 BA1 / US641062BA1113 Sep 2022 12 Sep 2025 4.000USD750 
*641062 BB9 / US641062BB9313 Sep 2022 01 Oct 2027 4.125USD500
*641062 BC7 / US641062BC7613 Sep 2022 01 Oct 2029 4.250USD500
*641062 BD5 / US641062BD5913 Sep 2022 01 Oct 2032 4.300USD1250
*641062 BE3 / US641062BE3313 Sep 2022 15 Jan 2053 4.700USD1000
*641062 BK9 / US641062BK9214 Mar 2023 13 Mar 2026 5.250USD1000
*641062 BF0 / US641062BF0814 Mar 2023 14 Mar 2028 5.000USD850
*641062 BG8 / US641062BG8014 Mar 2023 14 Mar 2030 4.950USD500
*641062 BH6 / US641062BH6314 Mar 2023 14 Mar 2033 4.850USD650
*641062 BL7 / US641062BL7512 Sep 2023 12 Sep 2028 5.000USD500
*641062 BM5 / US641062BM5812 Sep 2023 12 Sep 2030 5.000USD500
*641062 BN3 / US641062BN3212 Sep 2023 12 Sep 2033 5.000USD500

* 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 - February 2024 (pdf, 2Mb)
DIP supplement - March 2024 (pdf, 200Kb)

View the Debt Issuance Program documents

Nestlé has passported its DIP Prospectus into the following European Economic Area Member States: Austria, Germany, Netherlands.
Further issues under the DIP may be listed on the Luxemburg Stock Exchange.

Bonds currently outstanding under the DIP:

ISIN NumberIssue DateMaturity DateCoupon
Rate %		CurrencyAmount
Issued (M)		Final
Terms
XS170707532802 Nov 201702 Nov 20291.250EUR750pdf, 415Kb
XS170707524502 Nov 201702 Nov 20371.750EUR750pdf, 415Kb
XS214837269601 Apr 202001 Apr 20261.125EUR1,000pdf, 570Kb
XS214839075501 Apr 202001 Apr 20301.500EUR1,000pdf, 570Kb
XS217036232612 May 202012 Nov 20240.000EUR650pdf, 200Kb
XS217036267212 May 202012 Nov 20270.125EUR850pdf, 200Kb
XS217036291212 May 202012 May 20320.375EUR1,000pdf, 200Kb
XS226368418003 Dec 202003 Dec 20250.000EUR500pdf, 170Kb
XS226368477603 Dec 202003 Mar 20330.000EUR500pdf, 170Kb
XS226368493303 Dec 202003 Dec 20400.375EUR500pdf, 170Kb
XS235062186314 Jun 202114 Jun 20260.000EUR1,250pdf, 100Kb
XS235063247214 Jun 202114 Jun 20290.250EUR750pdf, 100Kb
XS235074621514 Jun 202114 Feb 20340.625EUR500pdf, 100Kb
XS235074443414 Jun 202114 Jun 20410.875EUR650pdf, 100Kb
XS246232121229 Mar 202229 Mar 20270.875EUR600pdf, 1.1Mb
XS246232130329 Mar 202229 Mar 20311.250EUR600pdf, 1.1Mb
XS246232148529 Mar 202229 Mar 20351.500EUR800pdf, 1.1Mb
XS255519646315 Nov 202215 Mar 20283.000EUR500pdf, 150Kb
XS255519808915 Nov 202215 Jan 20313.250EUR500pdf, 150Kb
XS255519816215 Nov 202215 Nov 20343.375EUR500pdf, 150Kb
XS259541077513 Mar 202313 Dec 20273.500EUR850pdf, 170Kb
XS259541263113 Mar 202313 Mar 20333.750EUR850pdf, 170Kb
XS271730985514 Nov 202317 Jan 20303.500EUR500pdf, 600Kb
XS271731094514 Nov 202314 Nov 20353.750EUR500pdf, 600Kb
XS272494363930 Nov 202307 Dec 20385.125GBP400pdf, 100Kb
XS275287288223 Jan 202423 Jan 20313.000EUR750pdf, 600Kb
XS275287300523 Jan 202423 Jan 20373.250EUR750pdf, 600Kb

View the list of bonds issued under the DIP which matured in the last 24 months

Please note that all above bonds are guaranteed by Nestlé S.A.
This page constitutes the website of Nestlé Finance International Ltd.

Eurobond Market - Reg-S bonds issued from our Debt Issuance Program

Base prospectus - February 2024 (pdf, 2Mb)
DIP supplement - March 2024 (pdf, 200Kb)

View the Debt Issuance Program documents

Nestlé has passported its DIP Prospectus into the following European Economic Area Member States: Austria, Germany, Netherlands.
Further issues under the DIP may be listed on the Luxemburg Stock Exchange.
Issuing and Paying Agent: Citibank N.A., London branch

Bonds currently outstanding under the DIP:

ISIN NumberIssue DateMaturity DateCoupon
Rate %		CurrencyAmount
Issued (M)		Final
Terms
*XS278786234622 Mar 202422 Mar 20294.500GBP400 
*XS278786242922 Mar 202422 Mar 20364.750GBP400 

 

US 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 N.A., New York

CUSIP / ISIN NumberIssue DateMaturity Date Coupon Rate %CurrencyAmount Issued (M)
*64105MAA9 / US64105MAA9912 Mar 2024 12 Mar 2029 4.650USD600
*64105MAB7 / US64105MAB7212 Mar 2024 12 Mar 2031 4.750USD450
*64105MAC5 / US64105MAC5512 Mar 2024 12 Mar 2034 4.875USD800
*64105MAD3 / US64105MAD3912 Mar 2024 12 Mar 2054 5.100USD650

 

Australian bond market - issued from our Australian Medium Term Notes program

Debt issuance programme established under the laws of New South Wales, Australia, for the issuance of medium term notes in registered uncertificated form.
These securities are not listed in an exchange.
Issuing and Paying Agent: Bank of New York Mellon

CUSIP / ISIN NumberIssue DateMaturity Date Coupon Rate %CurrencyAmount Issued (M)
AU3CB03082294 Apr 2024 4 Apr 20294.600AUD600
AU3CB03082114 Apr 2024 4 Apr 20345.250AUD600

 

This page constitutes the website of Nestlé Capital Corporation (USA).

Stand Alone bonds:

ISIN Number Issuer Issue Date Maturity Date Coupon Rate % Currency Amount Issued (M) Amount Outstanding (M)
US751277AS36 NPP 15 Jun 1995 15 Jun 2025 7.875 USD 225 51
HU0000360458 NH 31 May 2021 31 May 2028 1.75 HUF 115,000 115,000

Where:
NPP - Nestlé Purina PetCare Company, USA
NH - Nestlé Hungaria Kft, Hungary

View the list of bonds issued under the DIP which matured in the last 24 months

 

Committed bank facilities

Short-term dual tranche syndicated revolving credit facility – general corporate purposes – Nestlé S.A. – 13-month facility dated 02 October 2023 and expiring on 01 November 2024. Nestlé S.A. has the ability to convert the facility into a one year term loan.

Long-term dual tranche syndicated revolving credit facility (including swingline facility) – general corporate purposes – Nestlé S.A. – 5-year facility originally dated 29 October 2019, as amended and restated from time to time and pursuant to amendment and restatement agreements dated (i) 18 November 2021 and (ii) 19 October 2022. Expiring on 19 October 2028.

 

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.

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