L'Oréal places a €3 billion bond issue

On November 12, 2025, L'Oréal announced the successful completion of a bond issue totaling €3 billion. This transaction is divided into three separate tranches: one of €850 million over 2 years with a floating rate of Euribor 3M + 20 basis points, one of €1 billion over 5 years with a fixed rate of 2.750%, and a final one of €1.150 billion over 10 years at a fixed rate of 3.375%.

The funds raised will be used for general corporate purposes and, in part, to finance the acquisition of Kering Beauté. The bonds, rated AA by S&P and Aa1 by Moody's, will trade on Euronext Paris from November 19, 2025. Financial institutions such as Société Générale and JP Morgan acted as global coordinators for this issuance.