THE ADECCO GROUP ISSUED JPY 6 BILLION NOTES
THE ADECCO GROUP ISSUED JPY 6 BILLION NOTES
Zurich, Switzerland, 4 October 2018: The Adecco Group, the world’s leading HR solutions partner, successfully issued JPY 6 billion Senior Fixed-Rate 15-year Notes with a coupon of 1.05%.
Yesterday, the Adecco Group successfully issued JPY 6 billion (approximately EUR 46 million) of 1.05% guaranteed notes due 3 October 2033. The notes were issued by Adecco Financial Services (North America), LLC, guaranteed by Adecco Group AG, within the framework of Adecco Group’s Euro Medium-Term Note Programme. The proceeds will be used for general corporate purposes.
The details of the notes are as follows:
|
2033 notes |
|
|
Principal amount: |
JPY 6 billion |
|
Coupon: |
1.05% p.a. |
|
Maturity: |
3 October 2033 |
|
Issue price: |
100.00% |
|
Redemption price: |
100% |
The settlement date was 3 October 2018.
Adecco Group AG is currently rated as follows by the international rating agencies:
Moody’s (Baa1 stable)
Standard & Poor’s (BBB+ stable)