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EDENRED: Edenred successfully placed its first sustainability-linked convertible bonds for a nominal amount of approximately €400 million June 9, 2021 Edenred (Euronext Paris: FR0010908533) (the Company ) has successfully placed today an inaugural sustainability-linked bonds convertible into and/or exchangeable for new and/or existing shares ( OCEANE ) due 2028 (the Bonds ) for an aggregate nominal amount of approximately €400 million by way of a placement to qualified investors only 1 (the Offering ). The Offering represents today 6,173,792 underlying shares. The par value of the Bonds has been set at €64.79, corresponding to a premium of 37.5% above Edenred s reference share price 2 on the regulated market of Euronext in Paris ( Euronext Paris ). ....
Edenred (Euronext Paris : FR0010908533) (the “ Company”) has successfully placed today an inaugural sustainability-linked bonds convertible into and/or exchangeable for new and/or existing shares (“ OCEANE”) due 2028 (the “ Bonds”) for an aggregate nominal amount of approximately €400 million by way of a placement to qualified investors only 1 (the “ Offering”). The Offering represents today 6,173,792 underlying shares. The par value of the Bonds has been set at €64.79, corresponding to a premium of 37.5% above Edenred’s reference share price 2 on the regulated market of Euronext in Paris (“ Euronext Paris”). The Bonds will be issued on June 14, 2021 (the “ Issue Date”), being the expected settlement and delivery date of the Bonds. The Bonds will be issued at an issue price equal to 100.875% of par, which corresponds to a yield to maturity of -0.12% and will not bear interes ....
at least 64% The Sustainability Performance Target Minimum Score Condition will be met if Edenred reaches at least 2 out of 3 of the above mentioned KPIs. The Framework has been established in accordance with the Sustainability-Linked Bond Principles (SLBP) administered by ICMA and reviewed by Ethifinance who provided a Second Party Opinion (“ SPO”) on June 4, 2021. Both the Framework and the SPO are available on the Company’s website: (www.edenred.com). Conversion/Exchange Right Bondholders will be granted a conversion/exchange right of the Bonds into new and/or existing shares of the Company (the “ Conversion/Exchange Right”) which they may exercise at any time from the Issue Date and until the 7 ....