L'Oréal has announced the placement of a bond issue for a total nominal amount of 1.25 billion euros, which will be listed on Euronext Paris from the settlement-delivery date scheduled for November 6.

The offering consists of two tranches, one of 750 million euros with a three-year maturity and a fixed coupon of 2.50% p.a., and the other of 500 million euros with a seven-year maturity and a fixed coupon of 2.875% p.a.

The world leader in cosmetics will use the net proceeds of the bonds for general corporate purposes, in particular to partly refinance the acquisition of a stake in Galderma.

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