L’Oréal prices €2 billion triple — tranche bond offering
L'Oréal priced a EUR 2 billion triple-tranche bond offering, split across 2-year floating-rate, 3-year fixed-rate, 7-year fixed-rate debt. 2-year EUR 850 million floating-rate tranche priced at Euribor 3M + 27 bps; 3-year EUR 500 million fixed-rate tranche at 3.75%. 7-year EUR 650 million fixed-rate tranche priced at 4