EssilorLuxottica: bond issues totalling E5bn

(CercleFinance.com) - EssilorLuxottica yesterday successfully completed the placement of a bond issue totaling 5 billion euros, with a maturities of 3.
5 years, with a coupon of 0% (negative yield of -0.02%), 5.5 years, 8 years and 12 years, with respective coupons of 0.125%, 0.375% and 0.75%.

"The final orderbook amounted to more than Euro 13 billion, attracting high quality institutional investors," the group said.

"This issuance will allow EssilorLuxottica notably to (re)finance a portion of the consideration to be paid in relation to the potential acquisition of GrandVision and certain indebtedness of GrandVision upon consummation of its acquisition, to refinance the existing indebtedness of the group, including its 2019's maturing indebtedness, and to fund the general corporate purposes," it added.


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