Advertisement Company ADECCO Successfully RaisedTwo Bonds Amounting to CHF 375 Million
The Adecco Group, a Fortune Global 500 company based in Zurich, Switzerland and the world's leading provider of HR solutions, recently made some significant financial moves. The company issued two Swiss Franc bonds on June 28, 2012, totalling CHF 375 million.
The issue prices for the bonds were 100.108% and 100.105%, respectively. The 2020 bond has a principal amount of CHF 125 million, a coupon of 2.625% p.a., and matures on December 18, 2020. The 2017 bond has a principal amount of CHF 250 million, a coupon of 1.875% p.a., and matures on December 18, 2017.
The proceeds from the bonds will be used for the planned share buyback programme of up to EUR 400 million. However, specific details about the amount planned for the buyback program or the use of bond proceeds are not disclosed or accessible at this time.
For investor-related inquiries, contact the Adecco Group's Corporate Investor Relations at [email protected] or +41 (0) 44 878 89 89. For press inquiries, contact the Corporate Press Office at [email protected] or +41 (0) 44 878 87 87.
The Adecco Group offers a wide variety of services, connecting around 700,000 associates with over 100,000 clients every day. These services fall into the broad categories of temporary staffing, permanent placement, career transition and talent development, as well as outsourcing and consulting.
It's important to note that forward-looking statements in this release involve risks and uncertainties, and actual results could differ materially from current expectations. Numerous factors could cause or contribute to such differences, including global GDP trends and the demand for temporary work, changes in regulation of temporary work, intense competition, integration of acquired companies, changes in the group's ability to attract and retain qualified internal and external personnel or clients, and the potential impact of disruptions related to IT.
The Adecco Group is currently rated as follows by international rating agencies: Standard & Poor's (BBB stable) and Moody's (Baa3 stable). The expected settlement date for the bonds is July 18, 2012. The financial agenda for 2012 includes the release of Q2 2012 results on August 9, 2012, Investor Days on September 19/20, 2012, and Q3 2012 results on November 6, 2012.
For the most accurate and updated information, I recommend checking the Adecco Group AG’s official investor relations announcements or their latest financial statements directly.
- The Adecco Group, a renowned HR solutions provider, plans to use the proceeds from their CHF 375 million bond issuance for their share buyback program, amounting to EUR 400 million.
- In addition to their bond issuance, the Adecco Group offers various services such as temporary staffing, permanent placement, career transition, talent development, outsourcing, and consulting, connecting over 700,000 associates with clients daily.
- As a global Fortune 500 company, the Adecco Group maintains good financial standing with ratings of BBB stable by Standard & Poor's and Baa3 stable by Moody's.
- For those interested in investing in the Adecco Group, specific details about the bond proceeds and share buyback program allocations are not yet disclosed, and investors are advised to check the company's official investor relations announcements or latest financial statements for the most accurate and updated information.
