(AOF) – Michelin, whose long-term senior debt is rated A- by Standard & Poor’s and A- by Fitch Ratings, has carried out a bond issue denominated in euros for a total amount of 1 billion euros in two tranches 7 and 12 years old. Favorable market conditions and the positive reaction of investors to the announcement of the issue allowed the company to place these bonds at a coupon of 3.125% at 7 years and 3.375% at 12 years. The net proceeds from this bond issue will be allocated to the general needs of the group.
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