The iliad Group has successfully placed a €500 million bond issue, with the bonds maturing in seven years and paying interest at 5.625% a year.
According to iliad, this transaction, which generated strong demand from investors, will enable the group to continue to benefit from the improved market conditions seen since late 2022, and to refinance a portion of its existing bank debt by strengthening its financial structure and liquidity, while extending the average maturity of its borrowings. In addition, the transaction – coming just two months after the group’s last placement in December 2022 for €750 million – cements iliad’s status as a major issuer in the European senior bond market, with €4.5 billion in bonds now outstanding.
Commenting on issue, Nicolas Jaeger, iliad Group deputy CEO – finance, said: “As with our previous bond issues, this transaction reflects pro-active and prudent management of the group’s liquidity and once again attests to investors’ support for our European convergence strategy”.
