from EDENRED (EPA:EDEN)
Edenred successfully issues a €750 million bond
Press release
February 20, 2025
Edenred successfully issues a €750 million bond
Edenred today announces that it has successfully issued a €750 million bond with a 5.5-year maturity. The bond, with a coupon of 3.25%, will mature on August 27, 2030.
The issue met with strong demand from a diversified base of international institutional investors. With an order book more than 2 times subscribed and total demand exceeding 1.75 billion euros, this issue reflects the market's confidence in Edenred's credit quality, the strength of its business model and its prospects for sustainable and profitable growth.
The new bond issue will provide financing for general corporate purposes, including the repaying of the €500 million bond issue due in March 2025.
This transaction strengthens the Group's financial structure and liquidity, and extends the average maturity of its bond debt to 4.1 years after repayment of the €500m March 2025 bonds from 3.7 years at the end of December 2024.
Julien Tanguy, Executive Vice President, Finance, said: “The success of this €750 million bond issue once again confirms the attractiveness of Edenred's credit to a wide range of quality investors. This issue enables the Group to actively manage its bond debt profile and extends the average maturity of its debt. This issue will enable Edenred to pursue the roll-out of its Beyond22-25 plan by continuing to invest in technology and product.”
Edenred is rated A- with a stable outlook by Standard & Poor's.
BNP Paribas, Crédit Agricole CIB and HSBC acted as global coordinators. Citigroup, Goldman Sachs, Santander and Société Générale CIB acted as joint active bookrunners.
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About Edenred
Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 60 million users and more than 2 million partner merchants in 45 countries via 1 million corporate clients.
Edenred offers specific-purpose payment solutions for food (such as meal benefits), engagement (such as gift cards and engagement platforms), mobility (such as multi-energy solutions, including EV charging, maintenance, toll and parking) and corporate payments (such as virtual cards).
True to the Group's purpose, "Enrich connections. For good.", these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency, and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and sustainable mobility.
Edenred’s 12,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.
In 2024, thanks to its global technology assets, the Group managed close to €45 billion in business volume, primarily carried out via mobile applications, online platforms and cards.
Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40, CAC 40 ESG, CAC Large 60, Euronext 100, Euronext Tech Leaders, FTSE4Good, DJSI Europe Index, DJSI World Index, and MSCI Europe.
The logos and other trademarks mentioned and featured in this press release are registered trademarks of Edenred
S.E., its subsidiaries or third parties. They may not be used for commercial purposes without prior written consent from
their owners.
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CONTACTS
Communications Department
Emmanuelle Châtelain
+33 (0)1 86 67 24 36 emmanuelle.chatelain@edenred.com
Media Relations
Matthieu Santalucia +33 (0)1 86 67 22 63 matthieu.santalucia@edenred.com
Investor Relations
Cédric Appert
+33 (0)1 86 67 24 99 cedric.appert@edenred.com
Noé Del Pino
+33 (0)1 86 67 22 15 noe.del-pino@edenred.com
Individual Shareholder Relations
Lucie Morlot
(Toll-free number from France): 0 805 652 662 relations.actionnaires@edenred.com
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