Edenred successfully issues a €500 million bond

Edenred has issued a €500 million bond with an 8-year maturity. The bond, carrying a coupon of 3.625%, will mature on August 5, 2032.

The issuance saw strong demand from international institutional investors, with an order book over four times subscribed, totaling more than €2.2 billion. This indicates significant market confidence in Edenred's credit quality, business model, and growth prospects.

This transaction enhances Edenred's financial structure and liquidity. It also extends the average maturity of the company's bond debt to 3.6 years from 3.2 years as of June 2024. The bond issue supports financing ongoing growth operations and investments in technology and products, aligning with Edenred's Beyond22-25 strategic plan.

Edenred is rated A- with a stable outlook by Standard & Poor's. Crédit Agricole CIB and Société Générale CIB coordinated the issuance, with Barclays, BNP Paribas, Citigroup, Commerzbank, CIC, and ING as joint active bookrunners.