(CercleFinance.com) – Plastic Omnium announces that it has successfully completed the placement of a bond issue of 500 million euros maturing in March 2029, with a coupon of 4.875%.
The order book, more than three times subscribed, demonstrates investors’ confidence in Plastic Omnium’s credit and the Group’s long-term trajectory.
The issuance follows the Group’s rating, BB+ with a stable outlook, assigned by S&P Global Ratings on March 1, 2024.
The proceeds from this issue will be used for the general needs of the Group.