Staffing firm Adecco pledges to aid 50,000 refugees in securing quality employment by the end of 2025.
The world's leading talent advisory and solutions company, headquartered in Zurich, Switzerland, has announced the issuance of a new CHF 300 million bond. This bond, listed on the SIX Swiss Exchange (ADEN), has attracted significant investor interest.
The bond, maturing on 17 November 2027, carries an annual coupon of 2.3775%. The net proceeds from the offering will be utilised for general corporate purposes, which may include refinancing existing debt and financing acquisitions.
The key terms of the bond are as follows: - Amount: CHF 300 million - Coupon: 1.00% per annum - Maturity: 2032
The issuance was led by Raiffeisen Schweiz Genossenschaft, UBS AG, and Zürcher Kantonalbank, serving as joint lead managers.
While the company's forward-looking statements regarding its future performance contain a number of factors that could impact its results, such as global GDP trends, demand for temporary work, the impact of novel coronavirus disease (COVID), changes in regulation of temporary work, integration of acquired companies, changes in the company's ability to attract and retain qualified personnel or clients, potential disruptions related to IT, and any adverse developments in existing commercial relationships, disputes, or legal and tax proceedings, the company assumes no duty to update any such forward-looking statements.
The company is rated Baa1 stable by Moody's and BBB+ stable by Standard & Poor's.
For further information, investors are encouraged to contact Investor Relations at investor.relations@our website or 41 (0)44 878 88 88, or the Press Office at media@our website or 41 (0)44 878 87 87.
The net proceeds from the bond issuance, aimed at general corporate purposes, might contribute to the business's future endeavors, including potential acquisitions and refinancing existing debts. The company's ratings of Baa1 stable by Moody's and BBB+ stable by Standard & Poor's indicate a positive financial outlook, suggesting a promising future for the company, which could lead to continuous growth and enhanced career opportunities.
