Capgemini has announced the successful pricing of an 800 million euro bond issue with a 7-year maturity and a 3.875% coupon (issue price of 99.083%). The offering was approximately 2.7 times oversubscribed.
The proceeds from this issuance will be used for general corporate purposes, including the refinancing of the 800 million euro bond maturing and repayable on April 15, 2026.
According to the French IT services giant, these newly issued bonds are expected to be rated ‘BBB+’ by Standard & Poor’s, in line with Capgemini’s ‘BBB+/stable outlook’ issuer credit rating.