(AOF) – 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 4.87%. The automotive supplier underlines that “the order book, more than three times subscribed, demonstrates the confidence of investors in the credit of Plastic Omnium and the long-term trajectory of the group”. The issuance follows the Group’s rating, BB+ with a stable outlook, assigned by S&P Global Ratings on March 1, 2024. The proceeds of this issuance will be used for the general purposes of the group.
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