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Chinese PE firm HSG backs Golden Goose bond sale

Italian luxury sneaker brand Golden Goose Group has priced an 880 million euro ($1.04 billion) bond sale to fund its acquisition by Chinese private equity firm HSG. The deal, one of the few recent European high-yield bond issuances, tested investor sentiment amid luxury sector pressures and concerns over the Iran war. The offering was split between seven-year fixed-rate notes yielding 6.25% and floating-rate notes at three-month Euribor plus 400 basis points. Goldman Sachs, JPMorgan Chase, and UBS acted as global coordinators, with Citi, Deutsche Bank, and UniCredit as bookrunners.

Related reading: Qatar eyes 10% stake in Italy’s Golden Goose, Corriere says

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