The Adecco Group Successfully issues USD 300 million Notes
Zurich, Switzerland, 15 November 2017: The Adecco Group, the world's leading workforce solutions partner, successfully issued USD 300 million 4-year notes with a coupon of 2.625%. The proceeds will be used for general corporate purposes.
Yesterday, the Adecco Group successfully issued USD 300 million 2.625% guaranteed notes due 21 November, 2021. The notes were issued through Adecco International Financial Services BV, guaranteed by Adecco Group AG, within the framework of Adecco's Euro Medium-Term Note Programme. The proceeds will be used for general corporate purposes.
The details of the notes are as follows:
2021 notes | ||
Principal amount: | USD 300 million | |
Coupon: | 2.625% p.a. | |
Maturity: | 21 November 2021 | |
Issue price: | 99.334% | |
Redemption price: | 100% |
The expected settlement date for the notes is 21 November, 2017.
Adecco Group AG is currently rated as follows by international rating agencies: Standard & Poor's (BBB+ stable) and Moody's (Baa1 stable).
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