(Boursier.com) — Eurofins Scientific successfully raised €600 million in its euro-denominated senior unsecured bond issue. These bonds have a maturity of 7 years (maturity on July 6, 2029), and will carry an annual coupon at a fixed rate of 4%.
The operation was a resounding success since it was more than 2.3 times oversubscribed.
The proceeds from these bonds are intended to proactively manage:
– the redemption of Eurofins super subordinated bonds for an amount of 300 million euros (ISIN: XS2051471105) issued on September 11, 2019 and redeemed in August 2022 (Hybrid Bonds 2022).
– super subordinated bonds of 300 ME (ISIN: XS1224953882), issued on April 29, 2015, and to be redeemed in April 2023 (Hybrid bonds 2023).
Gilles Martin, CEO of Eurofins Scientific, comments: “We are very pleased with the results of our latest public bond issue, which once again demonstrates the confidence of Eurofins investors despite a difficult market environment”.
These new bonds will be listed on the regulated market of the Luxembourg stock exchange (ISIN XS2491664137), from their date of issue, i.e. June 29, 2022.
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