Compagnie Plastic Omnium today completed a €500 million 7-year 1.25% bond issue for European investors, without covenants or ratings.
The net proceeds of the issue will be used to meet the Group’s general financing needs as part of its profitable and independent growth strategy, based on globalization and innovation. It will strengthen the Group’s debt structure by extending the average maturity of its debt and diversifying its sources of financing.
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