arrow-thincheckemaillocationphone

You are here

June 10, 2020

Edenred successfully issues €600 million in bonds

Edenred today announced the success of its €600 million 9-year bond issue. The bonds will mature on June 18, 2029 and pay a coupon of 1.375%.

The bond issue will enable the Group to strengthen its financial resources and extend the average maturity of its debt under favorable conditions. Edenred will allocate the net proceeds from the issue to general corporate purposes, as well as to refinancing €250 million in bonds with a coupon of 2.625% maturing in late October 2020.

Placed with a diverse base of international institutional investors, the bond issue was more than 2 times oversubscribed, with total demand exceeding €1.2 billion.

The success of the transaction reflects the market’s confidence in the Group’s credit quality, following on from the renewal of its “Strong Investment Grade” (BBB+A-2 Outlook stable) credit rating by Standard & Poor’s in May.

Patrick Bataillard, Executive Vice President, Finance, said: Through the amount raised, the time to maturity and the conditions obtained, the success of this bond issue once again demonstrates the confidence investors place in the strength of Edenred’s model and outlook. The transaction is part of our policy of actively managing our financial resources, aimed at securing our financing options over the long term while optimizing our cost of debt and giving us all the flexibility needed to pursue our Next Frontier strategic plan.

Barclays, Crédit Agricole CIB and Société Générale CIB served as global coordinators and joint active bookrunners. BNP Paribas, Citi, Commerzbank, HSBC and J.P. Morgan also acted as joint active bookrunners.
 

Read the press release
 

Read more

Edenred to partner with Basile Bourgnon in the Mini Transat 2021

Press release • Event

Edenred to partner with Basile Bourgnon in the Mini Transat...

22 September 2020

Agri Edenred, a fully digital payment solution to support farmers’ development in Niger

News • Development

Agri Edenred, a fully digital payment solution to support...

14 September 2020

News • Rewards

Bertrand Dumazy named best CEO in the 2020 Institutional...

7 September 2020

News • Development

Edenred Corporate Payment makes marketplaces safer and more...

17 August 2020

New progress in the FTSE4Good rankings for Edenred

News • Social responsability

New progress in the FTSE4Good rankings for Edenred

30 July 2020