L'Oréal: successful bond placement
(CercleFinance.com) - As part of its E5bn EMTN program, L'Oréal announces that it has successfully placed a bond issue for a total nominal amount of E2bn, with total demand reaching E4.
5bn.
The offering consists of two tranches of one billion euros each, respectively with a two-year maturity and a fixed coupon of 3.125% per annum, and a five-year maturity with a fixed coupon of 2.875% per annum.
The world leader in cosmetics says the amount raised will be used for general corporate purposes, including the acquisition of Aēsop. The bonds will be listed on Euronext Paris as from their settlement, scheduled for 19 May.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
5bn.
The offering consists of two tranches of one billion euros each, respectively with a two-year maturity and a fixed coupon of 3.125% per annum, and a five-year maturity with a fixed coupon of 2.875% per annum.
The world leader in cosmetics says the amount raised will be used for general corporate purposes, including the acquisition of Aēsop. The bonds will be listed on Euronext Paris as from their settlement, scheduled for 19 May.
Copyright (c) 2023 CercleFinance.com. All rights reserved.