EDENRED (FR:EDEN) has released an update.
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Edenred has successfully issued a €500 million bond, with a high demand resulting in an order book four times oversubscribed and a total demand over €2.2 billion. The 8-year bond, set to mature in 2032, will support the company’s Beyond22-25 strategic plan, including technology investments and external growth operations. This financial move bolsters Edenred’s liquidity and extends its average bond debt maturity to 3.6 years, underlining market confidence in the firm’s robust business model and growth potential.
For further insights into FR:EDEN stock, check out TipRanks’ Stock Analysis page.
