L'Oreal Prices EUR 2 Bln Triple Tranche Bond Offering
Sept 24 (Reuters) - L'Oreal SA OREP.PA:
L'ORÉAL PRICES €2 BILLION TRIPLE TRANCHE BOND OFFERING
BOND EXPECTED TO BE RATED AA/STABLE S&P, AA1/STABLE MOODY'S; TRADING FROM SEPT 30, 2026
ISSUES €850 MILLION 2-YEAR FLOATING RATE BOND PAYING EURIBOR 3M + 27 BPS
ISSUES €500 MILLION 3-YEAR FIXED RATE BOND PAYING 3.75% COUPON
ISSUES €650 MILLION 7-YEAR FIXED RATE BOND PAYING 4.00% COUPON
NET PROCEEDS OF BOND WILL BE USED FOR GENERAL CORPORATE PURPOSES
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