Plastic Omnium announces the successful placement of a €500 million bond issue maturing in March 2029, with a coupon of 4.875%.

The order book, more than three times subscribed, demonstrates investors' confidence in Plastic Omnium's credit and the Group's long-term trajectory.

The issue follows the Group's rating of BB+ with a stable outlook, awarded by S&P Global Ratings on March 1, 2024.

The proceeds of the issue will be used for general corporate purposes.

Copyright (c) 2024 CercleFinance.com. All rights reserved.