Adecco successfully issued EUR 400 million Notes Dienstag, 09. Juli 2013 - 07:00
Press Release
Adecco successfully issued EUR 400 million Notes
Zurich, Switzerland, July 9, 2013: Adecco Group, the world’s leading provider of Human Resources solutions, successfully issued EUR 400 million 6-year notes with a coupon of 2.750%. The proceeds will be used for general corporate purposes including the refinancing of existing 5-year guaranteed Euro medium-term notes due April 28, 2014.
Yesterday, the Adecco Group successfully issued EUR 400 million 2.750% notes due November 15, 2019. The notes were issued through Adecco International Financial Services BV, guaranteed by Adecco S.A., within the framework of Adecco’s Euro Medium-Term Note Programme. The proceeds will be used for general corporate purposes including the refinancing of existing 5-year guaranteed Euro medium-term notes due April 28, 2014.
The details of the notes are as follows:
2019 notes | ||
Principal amount: | EUR 400 million | |
Coupon: | 2.750% p.a. | |
Maturity: | November 15, 2019 | |
Issue price: | 99.911% | |
Redemption price: | 100% |
The expected settlement date for the bonds is July 16, 2013.
Adecco Group is currently rated as follows by international rating agencies: Standard & Poor’s (BBB stable) and Moody’s (Baa3 stable).
