Adecco Group successfully places a EUR 500 million bond
April 22, 2009 | by Adecco
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April 22, 2009, Glattbrugg/Zurich. Adecco Group, the worldwide leader in Human Resource services, successfully placed a 5-year EUR 500 million bond with a coupon of 7.625%, issued by Adecco International Financial Services B.V. and guaranteed by Adecco S.A. The proceeds further increase the Group's financial flexibility with respect to the refinancing of the outstanding zero-coupon convertible bond as well as for general corporate purposes.
Yesterday, the Adecco Group completed the pricing of a 5-year EUR 500 million bond with a coupon of 7.625%, to be issued by Adecco International Financial Services B.V. and guaranteed by Adecco S.A. The proceeds further increase the Group's financial flexibility with respect to the refinancing of the outstanding zero-coupon convertible bond as well as for general corporate purposes.
The 5-year EUR 500 million bond is issued within the framework of the recently established Euro Medium Term Note programme and trades on the London Stock Exchange.
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Source: Adecco, Press release