Financial press Release

Adecco successfully issued EUR 500 million Notes

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Adecco successfully issued EUR 500 million Notes

Zurich, Switzerland, May 19, 2015: Adecco Group, the world’s leading provider of Human Resources solutions, successfully issued EUR 500 million 7-year notes with a coupon of 1.5%. The proceeds will be used for general corporate purposes. 

Yesterday, the Adecco Group successfully issued EUR 500 million 1.5% guaranteed notes due November 22, 2022. 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.

 

The details of the notes are as follows:

 

 2022 notes

 

 

 Principal amount:

EUR 500 million

 

 Coupon:

1.500% p.a.

 

 Maturity:

November 22, 2022

 

 Issue price:

99.939%

 

 Redemption price:

100%

 

 

 

The expected settlement date for the notes is May 22, 2015.

 

Adecco Group is currently rated as follows by international rating agencies: Standard & Poor’s (BBB+ stable) and Moody’s (Baa2 stable).

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