Ipsos raises €400m through bond issue
The proceeds of the bond, which is maturing in January 2030 and carrying a coupon of 3.75%, will be used for general corporate purposes.
Among the uses of the proceeds is the refinancing of Ipsos’ €300m existing bond, which is maturing in September 2025.
Ipsos said that the company is rated Baa3 with stable outlook by Moody’s and BBB with stable outlook by Fitch.
A statement from Ipsos said that there was a “substantial level of oversubscription” with an order book more than nine-times the size of the bond, allowing the company to “price the bond with a final spread significantly below initial price indication”.
We hope you enjoyed this article.
Research Live is published by MRS.
The Market Research Society (MRS) exists to promote and protect the research sector, showcasing how research delivers impact for businesses and government.
Members of MRS enjoy many benefits including tailoured policy guidance, discounts on training and conferences, and access to member-only content.
For example, there's an archive of winning case studies from over a decade of MRS Awards.
Find out more about the benefits of joining MRS here.
0 Comments