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ESSILORLUXOTTICA raises three billion euros in bonds

ESSILORLUXOTTICA raises three billion euros in bonds

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EssilorLuxottica completed the placement of a bond issue for a total amount of 3 billion euros with maturities of 3.6 years, 5.6 years and 8 years, respectively with a coupon of 0.25 %, 0.375% and 0.5% with an average yield of 0.46%.

 

The final order book reached almost 11 billion euros, attracting top institutional investors and showing high confidence in EssilorLuxottica’s business model and credit profile, the optician said in a statement.

 

This issue will allow EssilorLuxottica to finance its general needs. The listing of Bonds on Euronext Paris will be effective on the settlement date, which is scheduled for June 5, 2020.

 

 

See Also


Read also > FERRARI AND ESSILOR-LUXOTICCA REPORT DECLINING FIRST-QUARTER 2020 FINANCIAL RESULTS

 

Featured photo : © Essilor Luxoticca

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