Elis Raises 600 Million Euros in Bonds, Oversubscribed More Than 3 Times
Elis has announced the successful placement of 600 million euros in senior unsecured bonds as part of its EMTN program. This operation is part of the group's active refinancing strategy and capital allocation program.
Details of the Bond Issue
The group placed 600 million euros of senior unsecured bonds with a maturity of 6 years and an annual fixed coupon of 3.875%. The operation generated an order book exceeding 2 billion euros, corresponding to an oversubscription rate of more than 3 times.
Use of Proceeds and Banking Syndicate
The net proceeds from the issue will be used to refinance a 300 million euro bond issue maturing on May 24, 2027, and to execute the 2026 share buyback program. The operation was carried out by a syndicate of ten banks: Banco Bilbao Vizcaya Argentaria, BNP Paribas, Crédit Agricole CIB, CIC, Commerzbank, Deutsche Bank, HSBC, La Banque Postale, Natixis, and Société Générale.
