Capgeminisecures a €4.0 billion bond sale at completion
Capgemini, a leading global consulting, technology, and outsourcing company, has announced the successful pricing of a €4.0 billion bond issuance on September 18, 2025. The bond offering comprises four tranches: 2-year notes, 3-year notes, 6-year notes, and 9-year notes.
The prospectus for the Bonds contains a MiFID II product governance legend, indicating that the bonds are intended for professional investors and eligible counterparties only. Similarly, the prospectus includes a UK MiFIR product governance legend, targeting professional clients and eligible counterparties.
The 2-year notes have a floating-rate of 3-month Euribor plus 0.30%, while the 3-year notes, 6-year notes, and 9-year notes have coupons of 2.50%, 3.125%, and 3.50% respectively.
Nive Bhagat, Chief Financial Officer of Capgemini, stated that the bond issuance attracted strong interest from investors, with the offering being oversubscribed about 3.2 times. The proceeds of this bond issuance will be used to finance the acquisition of WNS and refinance financial debt, among other purposes.
It is expected that the newly issued bonds will be rated BBB+ by Standard & Poor's. However, forward-looking statements in the press release, including anticipated growth and the value-additive nature of the acquisition of WNS, are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements.
The bond issuance is not intended for retail investors in the European Economic Area (EEA) or the United Kingdom. Moreover, the Bonds are not registered under the "U.S Securities Act of 1933" and may only be offered or sold in the United States according to an exemption regime. The press release does not constitute a solicitation to purchase or an offer to purchase or subscribe for the Bonds in the United States.
It is worth noting that the search results do not provide information on the name of the bank that financed Capgemini's acquisition of WNS. The bond issuance does, however, come with a warning that the prospectus does not constitute a prospectus and has not been approved by the Financial Conduct Authority or any other regulatory authority in the United Kingdom. The press release may not be published, distributed or transmitted in the United States.
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