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 |
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Principal amount: | EUR 500 million |
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Coupon: | 1.500% p.a. |
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Maturity: | November 22, 2022 |
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Issue price: | 99.939% |
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Redemption price: | 100% |
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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).
