EssilorLuxottica launches a 3 billion bond, 11 billion requests

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The success of the 3 billion EssilorLuxottica bond, with a boom of 11 billion requests, another proof of the great liquidity on the market and the hunger for returns from investors. The eyewear group on Thursday launched a 3 billion euro bond issue with tranches at 3.6, 5.6 and 8 years and with a coupon of 0.25%, 0.375% and 0.5 respectively %, with an average yield of 0.46%.

Essilorluxottica successfully launched a 3 billion euro bond issue yesterday with t3.6, 5.6 and 8 year ranches and with a coupon of 0.25%, 0.375% and 0.5% respectively, with an average yield of 0.46%. Demand has reached a peak of around 11 billion euros from institutional investors, confirming the high confidence of investors in Essilorluxottica’s business model and the quality of its credit profile, the company explains. The proceeds from this issue will make it possible to finance general corporate purposes. The bonds will be listed on Euronext Paris on the settlement date, expected for next June 5th.

Demand peaked at around 11 billion euros from institutional investors, confirming the high confidence of investors in Essilorluxottica’s business model and the quality of its credit profile, is explained by the company, valued with a stable A2 rating from Moody’s and a stable A rating from S&P..The proceeds of this issue will allow to finance the general business purposes. The bonds will be listed on Euronext Paris on the settlement date, expected for next June 5th.



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