The Adecco Group Successfully issues USD 300 million NotesNovember 15, 2017
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:
USD 300 million
21 November 2021
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).