Eurofins raises 600M euros in public bond issue

2022 06 21 20 59 0869 Business Agreement 400

Bioanalytical testing firm Eurofins Scientific on Tuesday announced it has raised 600 million euros ($632.1 million) in a senior, unsecured public bond issue.

The bonds have a seven-year maturity, due on July 6, 2029, and will bear an annual fixed-rate coupon of 4%.

The Luxembourg-based firm said the transaction was oversubscribed. It will use the bond proceeds to manage the repurchase of 300 million euro fixed-to-floating rate bonds issued September 11, 2019 and 300 million euro fixed-to-floating rate bonds issued April 29, 2015 that are currently under tender offers, the firm said.

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