Eurofins Scientific announces that it has raised €600 million in its latest issue of euro-denominated hybrid bonds. The transaction was well received and more than 2.7 times oversubscribed.

This new series of bonds will carry a fixed annual coupon of 6.75% for the first 5.5 years (until July 24, 2028), at which time Eurofins may elect to redeem them.

Proceeds from the bonds are available for general corporate purposes. Apart from the scheduled redemption of the €183 million hybrid bonds redeemable on April 29, 2023, Eurofins has no major refinancing needs until the maturity of the €448 million senior euro bonds on July 25, 2024.

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