Adcoco Group Emits 7 Billion Yen Bonds
The Adecco Group, a global leader in human resource solutions based in Zurich, Switzerland, successfully issued JPY 7 billion (approximately EUR 56 million) of 20-year notes on 10 April 2019. This long-term financing arrangement was primarily aimed at raising capital for corporate use, which typically includes refinancing existing debt, funding operations, or supporting growth initiatives.
The notes, which mature on 12 April 2039, have a coupon of 1.14% per annum and a redemption price of 100%. The issuer of these notes is The Adecco Group, a company that employs over 700,000 people daily and operates in 60 countries with more than 34,000 employees.
The issuance of such long-term bonds allows The Adecco Group to lock in borrowing costs for two decades, potentially benefiting from favorable interest rates and providing stable financing. Issuing debt in Japanese yen also indicates a strategic approach to currency and market diversification in their financing strategy.
The Adecco Group is currently rated as Baa1 stable by Moody's and BBB+ stable by Standard & Poor's. The proceeds from the notes will be used for general corporate purposes.
The Adecco Group is powered by ten global brands: our, Adia, Badenoch & Clark, General Assembly, Lee Hecht Harrison, Modis, Pontoon, Spring Professional, YOSS, and Vettery. The company can be contacted through their press office at media@ourwebsite or +41 (0) 44 878 87 87.
The annual general meeting for The Adecco Group will be held on 16 April 2019. The ex-dividend date for the company is 23 April 2019. The Q1 2019 results for The Adecco Group will be released on 7 May 2019, followed by the Q2 2019 results on 8 August 2019, and the Q3 2019 results on 5 November 2019.
For further information, contact the Addeco Group Investor Relations at investor.relations@ourwebsite or +41 (0) 44 878 88 88. The Adecco Group's website is ourwebsite, and they can also be found on Facebook (facebook.com/ourwebsite) and Twitter (@ourwebsite). As a Fortune Global 500 company, The Adecco Group continues to optimize its capital structure and secure funding on attractive terms in international markets.
The Adecco Group, a global enterprise operating in 60 countries, utilized business strategies to secure JPY 7 billion through the issuance of 20-year notes on 10 April 2019. This long-term financing, intended for general corporate purposes, can support various aspects such as refinancing existing debt, funding operations, or sustaining growth initiatives within the financial sphere of the company.
