Danone raised gross proceeds of $1.50 billion from an offering of 2.589% senior unsecured notes due Nov. 2, 2023.

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

Barclays PLC, BNP Paribas SA, Citigroup Inc., HSBC Holdings PLC, ING Groep NV and JPMorgan Chase & Co. were the lead underwriters.