Edenred Raises 500 Million Euros in Bond Market
On January 8th, the professional payments group placed a bond issue of 500 million euros maturing in 2033. The operation aims primarily to refinance a debt maturing in March next year.
Successful Bond Issuance
On January 8th, Edenred issued bonds amounting to 500 million euros, as stated in the press release. These securities, with a coupon rate of 3.75%, are due on January 15, 2033, representing a maturity of seven years. According to the company, the order book was subscribed more than three times over, with total demand exceeding 1.6 billion euros. The company noted that the issuance attracted a diverse base of international institutional investors. This operation comes as Edenred is rated A- with a stable outlook by Standard & Poor's. Crédit Agricole CIB and Société Générale CIB served as global coordinators for the issuance, while Barclays, BNP Paribas, CIC Market Solutions, Commerzbank, and HSBC acted as active bookrunners.
Funding Corporate Needs
The proceeds from this issuance will contribute to the financing of the company's general needs, Edenred specifies. The operation particularly aims to refinance a bond loan of 500 million euros maturing in March 2026. According to the company, this fundraising strengthens its financial structure and improves its liquidity. The Chief Financial Officer, Virginie Duperat-Vergne, mentioned that this issuance will support the deployment of the strategic plan Amplify 25-28, particularly financing ongoing investments in technology and products. The group currently operates in 44 countries and connects over 60 million users to more than 2 million partner merchants, through more than one million client companies.
Extending Average Maturity of Debt
The operation allows Edenred to extend the average maturity of its bond debt, according to the press release. Taking into account the repayment of the March 2026 maturity, this average maturity now reaches 4.1 years, up from 3.3 years at the end of December 2025. The group offers solutions dedicated to employee engagement, including meal vouchers, transport, gifts, and wellness, as well as mobility solutions covering multi-energy supply and fleet management. Edenred also develops inter-company payments through virtual cards. Listed on Euronext Paris, the group is included in the CAC Next 20, CAC Large 60, Euronext 100, and several sustainable development indices. In 2024, the group generated a business volume of nearly 45 billion euros.
