Wolters Kluwer NV Completes €500 Million Eurobond Issuance
Wolters Kluwer NV, a global information services and solutions provider, has successfully priced a €500 million five-year Eurobond. The bond was sold to a broad range of institutional investors across Europe.
Key Issuance Details
- Bond duration: 5 years
- Issuance amount: €500 million
- Coupon rate: 3.000%
- Expected credit rating: A- from S&P Global Ratings Europe Limited
The expected A- credit rating from S&P Global Ratings Europe Limited indicates strong market confidence in the company’s creditworthiness. The relatively moderate coupon rate of 3.000% for a five-year bond suggests that investors are willing to lend money to the company at a reasonable interest rate.
Impact on Company Finances
The new debt issuance will increase the company’s leverage and interest expenses. This may have a potential impact on future cash flows due to interest payments.