Edenred successfully issues a €500 million bond

Press release

July 29, 2024

Edenred successfully issues a €500 million bond

Edenred today announces that it has successfully issued a €500 million bond with an 8-year maturity. The bond, with a coupon of 3.625%, will mature on August 5, 2032.

The issue met with strong demand from a diversified base of international institutional investors. With an order book more than 4 times subscribed and total demand exceeding 2.2 billion euros, this issue reflects the market's confidence in Edenred's credit quality, the strength of its business model and its prospects for sustainable and profitable growth. 

This transaction strengthens the Group's financial structure and liquidity, and extends the average maturity of its bond debt to 3.6 years from 3.2 years at the end of June 2024. 

Julien Tanguy, Executive Vice President, Finance, said: “The success of this €500 million bond issue once again confirms the attractiveness of Edenred's credit to a wide range of quality investors. This issue enables the Group to actively manage its bond debt profile and extends the average maturity of its debt. In addition to financing ongoing external growth operations, this issue will enable Edenred to pursue the roll-out of its Beyond_22-25 plan by continuing to invest in technology and product.”

Edenred is rated A- with a stable outlook by Standard & Poor's. 

Crédit Agricole CIB and Société Générale CIB acted as global coordinators. Barclays, BNP Paribas, Citigroup, Commerzbank, CIC and ING acted as joint active bookrunners.

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About Edenred  

Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 60 million users and more than 2 million partner merchants in 45 countries via close to 1 million corporate clients.  

Edenred offers specific-purpose payment solutions for food (such as meal benefits), engagement (such as gift cards and engagement platforms), mobility (such as multi-energy solutions, including EV charging, maintenance, toll and parking) and corporate payments (such as virtual cards).   

True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency,and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and sustainable mobility.  

Edenred’s 12,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.   

In 2023, thanks to its global technology assets, the Group managed €41 billion in business volume, primarily carried out via mobile applications, online platforms and cards.  

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Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40, CAC 40 ESG, CAC Large 60, Euronext 100, Euronext Tech Leaders, FTSE4Good and MSCI Europe.  

The logos and other trademarks mentioned and featured in this press release are registered trademarks of Edenred S.E., its subsidiaries or third parties. They may not be used for commercial purposes without prior written consent from their

owners.  

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CONTACTS

Communications Department

Emmanuelle Châtelain 

+33 (0)1 86 67 24 36 emmanuelle.chatelain@edenred.com

Media Relations 

Matthieu Santalucia +33 (0)1 86 67 22 63 matthieu.santalucia@edenred.com

Investor Relations 

Cédric Appert

+33 (0)1 86 67 24 99 cedric.appert@edenred.com 

Baptiste Fournier 

+33 (0)1 86 67 20 73 baptiste.fournier@edenred.com

Individual Shareholder Relations

(Toll-free number from France): 0 805 652 662  relations.actionnaires@edenred.com

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