Finance
Magnum Ice Cream raises $3.5 billion in bond issue, Unilever spinoff nears
Published by Global Banking & Finance Review®
Posted on December 8, 2025
2 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 8, 2025
2 min readLast updated: January 20, 2026
Magnum Ice Cream completes a $3.5 billion bond issue, oversubscribed seven times, ahead of its spinoff from Unilever and Amsterdam listing.
LONDON (Reuters) -The Magnum Ice Cream Company on Wednesday said it had completed a 3 billion euro ($3.48 billion) debut bond issue that was oversubscribed seven times, less than two weeks before the company will finalise a spinoff from Unilever and list in Amsterdam.
Magnum, which also includes brands such as Wall's and Ben & Jerry's, is ready to tackle challenges from logistics to the rising popularity of weight-loss drugs when it goes solo, its supply chain head told Reuters this week.
Magnum expects to make productivity and efficiency savings as it transitions to a pure-play ice cream business and is betting on consumers continuing to crave indulgent snacks even as healthy eating trends gain prominence.
"The level of interest shown by the market was fantastic, with the order book being oversubscribed by over seven times," CFO Abhijit Bhattacharya said in a statement.
The bond was issued across four tranches of 750 million euros each, Magnum said, due in 2029, 2031, 2034, and 2037, at interest rates ranging from 2.75% to 4%.
Magnum said the issue's net proceeds would be used for "general corporate purposes," including facilitating the demerger from Unilever, which is due to be completed on December 6. Magnum's shares will begin trading on December 8.
($1 = 0.8625 euros)
(Reporting by Alexander MarrowEditing by Rod Nickel)
A corporate bond is a debt security issued by a corporation to raise capital. Investors who purchase corporate bonds are essentially lending money to the company in exchange for periodic interest payments and the return of the bond's face value at maturity.
Debt instruments are financial assets that represent a loan made by an investor to a borrower. They include bonds, notes, and debentures, and typically involve the payment of interest and the return of principal at maturity.
An investment portfolio is a collection of financial assets such as stocks, bonds, commodities, and cash equivalents. It is managed to achieve specific investment goals, balancing risk and return.
An oversubscribed bond issue occurs when the demand for a bond exceeds the amount available for sale. This often leads to higher prices and lower yields for investors, reflecting strong market interest.
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