Adcco Group Successfully Launches $300 Million Worth of Notes
In a significant move, the world's leading workforce solutions partner, headquartered in Zurich, Switzerland, has successfully issued USD 300 million 4-year notes on November 15, 2017. This announcement comes as the group continues to expand its operations globally, serving over 100,000 organizations with talent, HR services, and technology.
The notes, part of the group's Euro Medium-Term Note Programme, carry an issue price of 99.334% and mature on November 21, 2021. The redemption price for the notes is set at 100%, ensuring a straightforward repayment for investors.
The group's operations are powered by eight lead brands: our, Modis, Badenoch & Clark, Spring Professional, Lee Hecht Harrison, Pontoon, Adia, and YOSS. These brands collectively provide employment to over 700,000 people daily and serve a diverse workforce spanning more than 60 countries.
The group's commitment to fostering a culture of inclusivity, fairness, and teamwork has been recognised, with its ranking as number 2 on the Great Place to Work® - World's Best Workplaces 2017 list. This accolade underscores the group's dedication to creating a positive and supportive work environment for its employees.
For those interested in learning more about the group, its social media profiles can be found on Facebook (facebook.com/theour website) and Twitter (@our website). For investor relations and press office enquiries, contact information can be found on the group's website, or by phone at +41 (0) 44 878 89 89 and +41 (0) 44 878 87 87 respectively. The group AG is registered in Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN).
It is important to note that the notes are guaranteed by the our group AG, which is currently rated as BBB+ stable by Standard & Poor's and Baa1 stable by Moody's. The proceeds from the notes issue will be used for general corporate purposes.
While there are other notable bond issuances of USD 300 million, none exactly match the details of this particular issue. For updates on specific groups different from the one discussed here, please provide the precise group name.
- The global success of the leading workforce solutions partner, as they raised USD 300 million through bond issuance on November 15, 2017, suggests an opportunity for strategic investing in their operations and growth.
- The group's commitment to financial transparency is evident as they use the proceeds from the bond issuance for general corporate purposes, ensuring accountability to both employees and investors.
