Capgemini Issues 800 Million Euros in 7-Year Bonds, Oversubscribed by 2.7 Times
Capgemini announced on Wednesday the successful placement of a 7-year bond issue totaling 800 million euros, with a coupon rate of 3.875%. This refinancing operation will enable the group to repay a loan maturing in April.
Characteristics and Conditions of the Issue
The bond issue was oversubscribed by approximately 2.7 times. The bonds were issued at a price of 99.083% and are expected to be rated BBB+ by Standard & Poor's, consistent with the issuer rating assigned to Capgemini. The proceeds from the issue will be used for the general needs of the group, including the refinancing of an 800 million euro bond loan repaid on April 15, 2026.