Burberry announced the issuance of 300 million British pounds ($419 million) in international bonds, with a coupon rate of 5.75% and a maturity date of 2030. The proceeds from these bonds will be used for general corporate purposes, and Moody’s is expected to rate the bonds as Baa2. According to available data, Burberry’s revenue for the fiscal year ending March 30, 2024, fell by 4% YoY to 2.97 billion British pounds ($4.15 billion), below the group’s expectations, with adjusted operating profit down 34% YoY to 418 million British pounds ($584 million). Additionally, since the beginning of this year, Burberry’s stock price has dropped 20%, and nearly 56% over the past 12 months. Analysts suggest that Burberry may become a potential acquisition target.