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By
Reuters
Translated by
Nicola Mira
Published
Jun 1, 2020
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EssilorLuxottica launches €3 billion bond issue

By
Reuters
Translated by
Nicola Mira
Published
Jun 1, 2020

On Friday, eyewear and optics giant EssilorLuxottica announced it launched a €3 billion bond issue for general corporate finance purposes on Thursday, with an average yield of 0.46%.


EssilorLuxottica was created from the 2018 merger of French optics group Essilor and Italian eyewear group Luxottica - EssilorLuxottica


The bonds’ maturities are 3.6, 5.6 and 8 years, with coupons of 0.25%, 0.375% and 0.5% respectively, as indicated by the world’s number one optics group in a press release.

“The order book peaked at close to €11 billion, attracting quality institutional investors, and demonstrating a high degree of confidence in EssilorLuxottica’s business model and credit profile,” stated the group in the press release.

 

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