Edenred: successful E500m bond issue
(CercleFinance.com) - Edenred has announced making a successful bond issue of 500 million euros, maturing in 7 years' time, with an annual coupon of 1.
875%.
"This new bond issue will help finance Edenred's growth plans, including the acquisition of Corporate Spending Innovations (CSI), one of the leading providers of automated corporate payment solutions in North America," the group said.
This issue was oversubscribed to more than twice by investors, with total demand exceeding 1 billion euros, with the issue placed with a diversified base of international institutional investors.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
875%.
"This new bond issue will help finance Edenred's growth plans, including the acquisition of Corporate Spending Innovations (CSI), one of the leading providers of automated corporate payment solutions in North America," the group said.
This issue was oversubscribed to more than twice by investors, with total demand exceeding 1 billion euros, with the issue placed with a diversified base of international institutional investors.
Copyright (c) 2018 CercleFinance.com. All rights reserved.