Edenred has successfully issued a ?500 million bond with a 7-year maturity and a coupon of 3.75%, set to mature on January 15, 2033. The bond issue met with strong demand from a diversified base of international institutional investors, with an order book more than 3 times subscribed, corresponding to a total demand exceeding ?1.6 billion. This reflects the market's confidence in Edenred's credit quality, business model strength, and prospects for sustainable and profitable growth.
The new bond issue will provide financing for general corporate purposes, including repaying the ?500 million bond issue due in March 2026. This transaction strengthens the Group's financial structure and liquidity, extending the average maturity of its bond debt to 4.1 years, compared to 3.3 years at the end of December 2025. Virginie Duperat-Vergne, Executive Vice President, Finance, stated that the success of this bond issue confirms the attractiveness of Edenred's credit to a wide range of quality investors and supports the deployment of the Amplify25-28 strategic plan.
Crédit Agricole CIB and Société Générale CIB acted as global coordinators, with Barclays, BNP Paribas, CIC Market Solutions, Commerzbank, and HSBC as joint active bookrunners.
