(Telestock) – EssilorLuxottica (rated A2 stable by Moody’s and A stable by S&P) successfully launched a bond issue today for a total amount of 2 billion of Euros in two tranches at 4.5 and 7.5 years and a coupon of 2.875% and 3.00% respectively.
with an average rate, following hedging operations, of 2.99%.
There request has reached a peak of approximately 5 billion Euros from quality institutional investors, confirming the high level of investor confidence in EssilorLuxottica’s business model and the quality of its credit profile.
The bonds will be listed on Euronext Paris on the settlement date, expected to be September 5, 2024.