Plastic Omnium Announces Successful €500 Million Bond Issue

Plastic Omnium reported the completion of a €500 million bond issue due in March 2029 with an interest rate of 4.875%. The offering attracted significant investor interest, with subscriptions exceeding the initial amount by more than three times. This response underscores the market's confidence in Plastic Omnium's financial health and its strategic direction for the future. The bond issue follows the company's BB+ rating with a stable outlook from S&P Global Ratings earlier in the month.

The proceeds from the bond issue are earmarked for general corporate purposes, indicating Plastic Omnium's focus on bolstering its balance sheet and funding future growth initiatives. The detailed terms of the bond will be available on Plastic Omnium's official website, showcasing transparency and accessibility for investors.

The issuance was facilitated by a consortium of prominent financial institutions, including BNP Paribas, Crédit Agricole CIB, CIC, Natixis, and Société Générale Corporate & Investment Banking, with BNP Paribas and Crédit Agricole CIB serving as the Global Coordinators. This successful financial maneuver highlights Plastic Omnium's robust position in the mobility solutions market and its capacity to secure vital funding for its operational and strategic endeavors.