Danone raised gross proceeds of $1.20 billion from an offering of 1.691% senior unsecured notes due Oct. 30, 2019.

The company plans to use the proceeds for acquisitions or investments.

Banco Santander SA, Barclays PLC, BNP Paribas SA, Citigroup Inc., Credit Agricole Corporate and Investment Bank SA, HSBC Holdings PLC, ING Bank NV (London), JPMorgan Chase & Co., MUFG Securities EMEA PLC, Natixis SA, Societe Generale SA and Royal Bank of Scotland Group PLC were the lead underwriters.