Edenred: placement of a bond issue

(CercleFinance.com) - Edenred announces the successful placement of a €750 million bond issue with a 5.
5-year maturity. The bonds, with a coupon of 3.25%, will mature on August 27, 2030.

With an order book more than twice subscribed and total demand exceeding 1.75 billion euros, this issue met with strong demand from a diversified base of international institutional investors.

The transaction strengthens Edenred's financial structure and liquidity, and extends the average maturity of its bond debt to 4.1 years after redemption of the 500 million euro March 2025 maturity, compared with 3.7 years at the end of December 2024.

This issue will enable Edenred to pursue the deployment of its Beyond22-25 plan, while continuing to invest in technology and products", adds Julien Tanguy, Chief Financial Officer of the payment solutions group.

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