on ESSILOR (EPA:EL)
EssilorLuxottica: Successful Euro 2 Billion Bond Issuance at 2.99%
EssilorLuxottica has successfully completed a bond issuance amounting to Euro 2 billion. This issuance features tenors of 4.5 and 7.5 years, with respective coupons of 2.875% and 3.00%, resulting in an average rate of 2.99% post-hedging.
A robust order book, nearing Euro 5 billion, reflects the strong confidence institutional investors place in EssilorLuxottica's business model and credit profile. The funds raised will be directed towards general corporate purposes.
The bonds are set to be admitted for trading on Euronext Paris as of the settlement date, anticipated on September 5, 2024.
R. H.
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