(AOF) – SEB carried out in December 2021 a new Schuldschein-type private placement for an amount of 350 million euros divided into three maturities of 5, 7 and 10 years. From an amount initially planned at 200 million, the placement was increased to 350 million due to a very strong oversubscription. The order book amounted to more than one billion euros, once again demonstrating investor confidence in the group’s strategy and outlook.
This new issue allows it to refinance financing instruments due in 2021, to extend the average maturity of its debt and to benefit from very attractive financing conditions.
Seb also finalized the renewal of its syndicated loan, for an amount of 990 million euros and a duration of 5 years with two options of extension of 1 year.
AOF – LEARN MORE
China becomes the leading consumer of French cosmetics
Exports from the French cosmetics sector fell by 11.8% to 15.7 billion euros in 2020. The health crisis has disrupted the production and logistics of the sector, which nevertheless retains its position as the second largest contributor to the sector. positive foreign trade balance. France also maintains its position as the world leader in the sector (24% market share).
In a movement similar to that of the luxury industry, China has become the number one market, ahead of Germany and the United States. In 2020, exports to this country jumped 20.7%, while they fell 15% to the United States and 24% to Germany. According to the Federation of Beauty Companies, China is by far the largest buyer of French lipsticks, with more than one in four lipsticks exported.