L'Oréal Prices 2 Billion Euro Triple Tranche Bond

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L'Oréal announced it has successfully priced a bond offering for an aggregate nominal amount of 2 billion euros, split into three tranches. The tranches comprise an 850 million euro 2-year floating rate bond paying a coupon of Euribor 3M plus 27 bps per annum, a 500 million euro 3-year fixed rate bond paying a coupon of 3.75 percent per annum, and a 650 million euro 7-year fixed rate bond paying a coupon of 4.00 percent per annum. The net proceeds will be used for general corporate purposes. The bond, expected to be rated AA (Stable) by S&P and Aa1 (Stable) by Moody's, will be admitted to trading on Euronext Paris from the settlement date scheduled for 30 September 2026. BNP Paribas, HSBC, and Société Générale are acting as Global Coordinators, while Crédit Agricole CIB, Deutsche Bank, ING, Santander, and Standard Chartered Bank AG are acting as Active Joint Bookrunners.

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L'Oréal successfully priced a €2bn triple-tranche bond offering, securing long-term financing for general corporate purposes.

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