Demand three times the offering confirms investor confidence
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.