EssilorLuxottica: successful Euro 2 billion bond issuance at 2.99%
29 August 2024 - 7:46PM
UK Regulatory
EssilorLuxottica: successful Euro 2 billion bond issuance at 2.99%
NOT TO BE RELEASED, PUBLISHED OR DISTRIBUTED
DIRECTLY OR INDIRECTLY
IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN, SOUTH
AFRICA OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO
RELEASE, PUBLISH OR DISTRIBUTE THIS PRESS RELEASE
This press release does not constitute a
solicitation nor an offer to purchase the Bonds (as such term is
defined below) in the United States of America or to, or for the
account or benefit of, U.S. Persons (as defined in Regulation S
under the US Securities Act of 1933, as amended (the “Securities
Act”)). The Bonds may not be offered or sold in the United States
of America or to, or for the account or benefit of, U.S. Persons
unless they are registered or exempt from registration under the
Securities Act. EssilorLuxottica does not intend to register any
portion of the offering of the Bonds in the United States or to
conduct a public offering of the Bonds in the United
States.
The Bonds were offered only to qualified
investors as defined by Directive 2014/65/EU (as amended, “MiFID
II”). The Bonds may not be offered or sold to retail investors. No
Key Information Document under Regulation (EU) No 1286/2014 (as
amended, “PRIIPS Regulation”) has been nor will be
prepared.
For the purposes of this provision the
expression "retail investor" means a person who is one (or both) of
the following:
(i) a retail client as defined in point (11) of Article 4(1)
MiFID II; or
(ii) a customer within the meaning of Directive (EU) 2016/97,
where that customer would not qualify as a professional client as
defined in point (10) of Article 4(1) of MiFID II.
EssilorLuxottica: successful Euro 2
billion bond issuance at
2.99%1
Paris, France (August 29, 2024 – 7:45 pm
CEST) – EssilorLuxottica (rated A2 stable by Moody’s and A
stable by S&P) successfully launched today a bond issuance for
a total amount of Euro 2 billion with tenors of 4.5 and 7.5 years,
carrying respectively a coupon of 2.875% and 3.00% (the
"Bonds") with an average rate after hedging of
2.99%.
The order book peaked close to Euro 5 billion,
attracting quality institutional investors, demonstrating high
confidence in EssilorLuxottica’s business model and credit
profile.
The proceeds of this issuance will be used for
general corporate purposes.
Admission of the bonds to trading on Euronext
Paris will be effective on the settlement date, which is expected
to take place on September 5, 2024.
Notes
1 Average rate after hedging.
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