Edenred Raises €800 Million Through Dual-Tranche Bond Offering

Edenred successfully issued a dual-tranche bond totaling €800 million. The issuance includes a €300 million 2-year floating-rate note and a €500 million 7.25-year fixed-rate bond. The floating-rate note will mature on November 3, 2028, with a coupon of three-month Euribor plus 75 basis points. The 7.25-year bond is due February 3, 2034, offering an annual coupon of 4.75%.

The issuance attracted strong international investor demand, emphasizing Edenred's robust credit standing. Proceeds will finance general corporate purposes, including bond maturity repayments, thus enhancing the company's liquidity and financial structure.

Virginie Duperat-Vergne, Edenred's Executive Vice President of Finance, stated that this funding showcases Edenred's market access capabilities and supports its strategic plan, Amplify25-28.