PARIS, September 28, 2010 /PRNewswire-FirstCall/ -- Today Edenred successfully placed a EUR800-million issue of 7-year fixed-rate bonds, maturing in October 6 2017 and paying 3.625% interest.
The issue was completed under satisfying conditions. The bonds were placed with close to 90 European institutional investors.
Proceeds from the issue will be used to strengthen the Group's liquidity, diversify its financial resources and extend the average maturity of its debt.
Deutsche Bank, Natixis and SG CIB acted as bookrunners for the issue.
Edenred, the world leader in prepaid service vouchers, provides solutions that enhance personal well-being and improve the performance of organizations. Operating in 40 countries, with 6,000 employees, nearly 500,000 private and public sector customers, 33 million users and 1.2 million affiliates, Edenred offers a wide range of products in two categories:
- Employee and public benefits related to meals and food (Ticket
Restaurant, Ticket Alimentation) or quality of life (Ticket CESU,
Childcare Vouchers, etc.)
- Performance solutions in the areas of expense management (Ticket Car,
etc.), incentives and rewards (Ticket Compliments, Kadeos, etc.) and
new prepaid electronic products.
In 2009, Edenred generated total issue volume of EUR12.4 billion, of which more than 50% in emerging markets.
SOURCE Edenred
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article