Edenred Issues €750 Million Bond with Strong Market Confidence

Edenred has successfully issued a €750 million bond with a 5.5-year maturity and a coupon of 3.25%, maturing on August 27, 2030. This issuance was met with significant demand, attracting a diverse base of international institutional investors. The order book was more than twice oversubscribed, with total demand exceeding €1.75 billion. This reflects the market's strong confidence in Edenred's credit quality and business model.

The funds will finance general corporate purposes, including repaying a €500 million bond maturing in March 2025. This transaction bolsters Edenred's financial structure and liquidity, extending the average maturity of its bond debt from 3.7 years to 4.1 years. Edenred's Executive Vice President, Finance, Julien Tanguy, highlighted the attractiveness of Edenred's credit and noted that this issue would support the company's investment in technology and product development.