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Debt investors

The unification of the Unilever Group’s dual headed structure comprising Unilever NV and Unilever PLC took place on 29 November 2020. On unification Unilever PLC acquired all of the assets, liabilities and legal relationships of Unilever NV and Unilever NV was dissolved without going into liquidation and ceased to exist.

As part of unification, all of the bonds issued by Unilever NV under Unilever’s European Debt Issuance Programme were transferred on 26 November 2020 to Unilever Finance Netherlands BV, a wholly owned subsidiary of Unilever PLC, which is guaranteed on a joint and several basis by Unilever PLC and Unilever United States, Inc.

The bonds issued by Unilever Capital Corporation under the Unilever Group’s US Shelf Registration Programme were unaffected by unification and remain guaranteed on a joint and several basis by Unilever PLC and Unilever United States, Inc.

Unilever aims to maintain a competitive balance sheet which provides us with:

  • Appropriate access to the debt and equity markets
  • Sufficient flexibility for acquisitions
  • Sufficient resilience against economic and financial uncertainty while ensuring ample liquidity

Corporate credit ratings

Credit rating

Standard & Poor's

Moody's

Long term

A+

A1

Short term

A-1

P-1

Outlook

Stable

Stable

Issuance programme

Unilever mainly funds itself directly in the global debt capital markets. Please find below a summary of the active programmes of the Group. All debt issuance programmes are cross guaranteed by Unilever PLC and Unilever United States, Inc., unless otherwise stated in the relevant documentation.

Issuer

EMTN

US shelf

Multi-currency commercial paper programme1

USCP - 4(2) programme2

Unilever PLC

USD 25bn

Unlimited

Unilever Capital Corporation

USD 25bn

Unlimited

Unlimited

Unilever Finance Netherlands BV

USD 25bn

Unlimited

Unlimited

Bond issuers

Unilever N.V.

The bonds issued by Unilever N.V. were transferred to Unilever Finance Netherlands BV on 26 November 2020 as part of the unification of Unilever N.V. and Unilever PLC, and remain guaranteed by Unilever PLC and Unilever United States, Inc.

Bonds issued under the EMTN programme are listed on Euronext Amsterdam. Bonds issued prior to 2021 are also listed on the London Stock Exchange.

ISIN

Issue date

Maturity date

Coupon

Amount outstanding (M)

Currency

XS1566100977

14/02/2017

14/02/2023

0.375%

600

EUR

XS1241577490

03/06/2015

03/06/2023

1.000%

500

EUR

XS1769090728

12/02/2018

12/08/2023

0.500%

500

EUR

XS1403014936

29/04/2016

29/04/2024

0.500%

500

EUR

XS18732089503

04/09/2018

06/01/2025

0.500%

650

EUR

XS2147133495

25/03/2020

25/03/2025

1.250%

1000

EUR

XS1654192191

31/07/2017

31/07/2025

0.875%

650

EUR

XS2450200824

28/02/2022

28/02/2026

0.750%

500

EUR

XS1769090991

12/02/2018

12/02/2027

1.125%

700

EUR

XS1566101603

14/02/2017

14/02/2027

1.000%

600

EUR

XS1403015156

29/04/2016

29/04/2028

1.125%

700

EUR

XS1654192274

31/07/2017

31/07/2029

1.375%

750

EUR

XS2147133578

25/03/2020

25/03/2030

1.750%

1000

EUR

XS18732091724

04/09/2018

04/09/2030

1.375%

650

EUR

XS2450200741

28/02/2022

28/02/2031

1.250%

650

EUR

XS1769091296

12/02/2018

12/02/2033

1.625%

800

EUR

Unilever PLC

Bonds issued under the EMTN programme are listed on Euronext Amsterdam. Bonds issued prior to 2021 are also listed on the London Stock Exchange.

ISIN

Issue Date

Maturity Date

Coupon

Amount outstanding (M)

Currency

XS1684780031

15/09/2017

15/09/2024

1.375%

250

GBP

XS2008921277

11/06/2019

22/07/2026

1.500%

500

GBP

XS2450201046

28/02/2022

28/02/2028

2.125%

300

GBP

XS1684780205

15/09/2017

15/09/2029

1.875%

250

GBP

XS2008925344

11/06/2019

11/06/2039

1.500%

650

EUR

Unilever Capital Corporation

ISIN

CUSIP

Issue Date

Maturity Date

Coupon

Amount outstanding (M)

Currency

US904764BA48

904764BA4

22/03/2018

22/03/2023

3.125%

550

USD

US904764BJ56

904764BJ5

14/09/2020

14/09/2023

0.375%

500

USD

US904764BE69

904764BE6

07/09/2018

07/03/2024

3.250%

500

USD

US904764AX59

904764AX5

05/05/2017

05/05/2024

2.600%

1000

USD

US904764BN68

904764BN6

09/08/2021

12/08/2024

0.626%

500

USD

US904764BB21

904764BB2

22/03/2018

22/03/2025

3.375%

350

USD

US904764AS64

904764AS6

31/07/2015

30/07/2025

3.100%

500

USD

US904764AU11

904764AU1

28/07/2016

28/07/2026

2.000%

700

USD

US904764AY33

904764AY3

05/05/2017

05/05/2027

2.900%

1000

USD

US904764BC04

904764BC0

22/03/2018

22/03/2028

3.500%

1300

USD

US904764BH90

904764BH9

06/09/2019

06/09/2029

2.125%

850

USD

US904764BK20

904764BK2

14/09/2020

14/09/2030

1.375%

500

USD

US904764BQ99

904764BQ9

09/08/2021

12/08/2031

1.75%

850

USD

US904764AH00

904764AH0

15/11/2002

15/11/2032

5.900%

1000

USD

US904764BR72

904764BR7

09/08/2021

12/08/2051

2.625%

650

USD

Other Issuers

Unilever inherited the following bonds through acquisitions. These bonds have the same cross guarantees by Unilever PLC and Unilever United States, Inc. as bonds listed under the EMTN Programme and US Shelf.

Entity

Programme

ISIN

CUSIP

Issue Date

Maturity Date

Coupon

Amount outstanding (M)

Currency

Conopco, Inc.

Bestfoods

US126149AD59

126149AD5

18/12/1996

15/12/2026

7.250%

300

USD

Conopco, Inc.

Bestfoods

US08658EAA55

08658EAA5

24/03/1998

15/04/2028

6.625%

250

USD

Conopco, Inc.

Bestfoods

US12614QAK13

12614QAK1

24/10/1997

15/10/2097

5.600%

129.6

USD

Bond maturity profile

Unilever aims to maintain a smooth maturity profile for its long-term debt to minimize refinancing risk on any given year.

A graph showing outstanding bonds - 31 March 2022

Committed bank facilities

On 31 December 2021, Unilever had undrawn revolving 364-day bilateral credit facilities in aggregate of $7,965 million (2020: $7,965 million) with a 364-day term out and additional undrawn revolving 364-day bilateral credit facilities in aggregate of €1,500 million (2020: € nil).

Institutional investor contacts

If you are an institutional investor or an analyst following Unilever, please contact Unilever Investor Relations using the following details:

T: +44 (0) 20 7822 6830

investor.relations@unilever.com

1

In case of questions, contact any of the dealers: Goldman Sachs Bank Europe SE, J.P. Morgan SE, NatWest Markets PLC or UBS AG London Branch

2

In case of questions, contact any of the dealers: BofA Securities, Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC or Mizuho Securities USA LLC

3

These bonds were issued by Unilever N.V. under a separate prospectus and terms and not under the EMTN Programme. These bonds are dual listed on the London Stock Exchange and Euronext Amsterdam and have the same guarantees as bonds issued by Unilever N.V. under the EMTN Programme.

4

These bonds were issued by Unilever N.V. under a separate prospectus and terms and not under the EMTN Programme. These bonds are dual listed on the London Stock Exchange and Euronext Amsterdam and have the same guarantees as bonds issued by Unilever N.V. under the EMTN Programme.