on ESSILOR (EPA:EL)
EssilorLuxottica Secures €1 Billion Through Successful Bond Issuance
EssilorLuxottica, a leader in vision care products, announced the successful issuance of €1 billion in bonds. The bonds will mature in January 2030 and carry a coupon rate of 2.625% with a yield of 2.76%. This issuance highlights investors' confidence in the company’s robust business model and commendable credit profile, indicated by the order book surpassing €2.5 billion.
The bonds are aimed solely at qualified investors and are not available to retail investors. Trading on Euronext Paris is expected to commence on June 10, 2025. The proceeds from this bond issuance will be allocated for general corporate purposes, supporting EssilorLuxottica's ongoing operations and strategic objectives.
R. H.
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