The Magnum Ice Cream Company successfully completes €3 billion debut bond issuance
The Magnum Ice Cream Company (TMICC), the world’s largest ice cream company, today announced the successful completion of a €3 billion debut bond issuance by Magnum ICC Finance B.V., across four tranches.
Commenting on the successful issuance, Abhijit Bhattacharya, CFO, The Magnum Ice Cream Company noted “Issuing our inaugural public bond is an important milestone for The Magnum Ice Cream Company as we embark on our journey as a standalone ice cream company. The level of interest shown by the market was fantastic, with the order book being oversubscribed by over seven times. This clearly indicates that our strategy and story as the world’s leading ice cream company resonates with investors.”
The debut issuance was completed under the newly established €8 billion Euro Medium Term Note programme of Magnum ICC Finance B.V. guaranteed by The Magnum Ice Cream Company B.V. and The Magnum Ice Cream Company HoldCo Netherlands B.V. (the “EMTN Programme”). The issuance comprises (i) €750 million 2.750 per cent. fixed rate senior unsecured notes due February 2029; (ii) €750 million 3.250 per cent. fixed rate senior unsecured notes due November 2031; (iii) €750 million 3.750 per cent. fixed rate senior unsecured notes due November 2034; and (iv) €750 million 4.000 per cent. fixed rate senior unsecured notes due November 2037 (together, the “Notes”).
The net proceeds of the issue of the Notes will be used for the general corporate purposes of the TMICC Group including to facilitate the demerger of the TMICC Group from the Unilever Group.
The Notes have been rated “BBB” by S&P and “Baa2” by Moody’s and application has been made to the London Stock Exchange for the Notes to be admitted to trading on the London Stock Exchange’s International Securities Market with effect on or around 26th November 2025.
Pricing Supplements in connection with the Notes dated 24th November 2025 and the Base Admission Particulars dated 13th November 2025 in connection with the EMTN Programme are available on the IR section of the company website.
