Edenred: bond issue completed

(CercleFinance.com) - Payment solutions group Edenred announces that it has placed an eight-year, 500 million euro bond issue, with a coupon of 3.
625%, maturing on August 5, 2032.

The issue met with strong demand from a diversified base of international institutional investors, with an order book more than four times subscribed and total demand exceeding 2.2 billion euros.

The transaction strengthens the Group's financial structure and liquidity, and extends the average maturity of its bond debt to 3.6 years from 3.2 years at the end of June 2024. In particular, it will enable Edenred to continue rolling out its Beyond22-25 plan.

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