EssilorLuxottica launches €3 billion bond issue

On Friday, eyewear and optics giant EssilorLuxottica announced it launched a €3 billion bond issue for general corporate finance purposes on Thursday, with an average yield of 0.46%.

The bonds’ maturities are 3.6, 5.6 and 8 years, with coupons of 0.25%, 0.375% and 0.5% respectively, as indicated by the world’s number one optics group in a press release.

“The order book peaked at close to €11 billion, attracting quality institutional investors, and demonstrating a high degree of confidence in EssilorLuxottica’s business model and credit profile,” stated the group in the press release.