Edenred raises €800 million through a two-tranche bond issuance
In a press release published on October 28, 2026, the group indicated that this issuance, carried out the previous day, will serve to finance its general needs, including the repayment of upcoming bond maturities.
The operation brings the average maturity of its bond debt to 4.4 years, once the December 2026 and March 2027 tranches are repaid.
A floating-rate tranche and a fixed-rate tranche of 4.75%
The first tranche, of €300 million, takes the form of a floating-rate bond with a maturity of two years, maturing on November 3, 2028. It is remunerated on the basis of the three-month Euribor plus 75 basis points.
The second tranche, of €500 million, is a fixed-rate bond with a maturity of 7.25 years. It matures on February 3, 2034 and carries an annual coupon of 4.75%.
A- rating and placement with international investors
According to the group, the issuance was met with strong demand from international investors, which testifies to its credit quality. Edenred is rated A- with stable outlook by Standard & Poor's.
"Edenred has once again demonstrated its ability to access debt markets across different maturities and with a wide range of international bondholders," said Virginie Duperat-Vergne, Deputy Chief Executive Officer in charge of finance. According to her, the operation contributes to the deployment of the Amplify25-28 strategic plan.
BNP Paribas, JPMorgan and Société Générale acted as global coordinators of the issuance. BofA Securities, Citi, HSBC, ING and Santander served as joint bookrunners.
