Today, adidas successfully placed two bonds in an amount of € 1 billion in total. The 3-year bond of € 500 million matures in November 2025 and has a coupon of 3.000%, while the 7-year bond of € 500 million matures in November 2029 and has a coupon of 3.125%. The bonds will be listed on the Luxemburg Stock Exchange (Euro MTF) and have denominations of
€ 100,000 each. The final orderbook was more than three and a half times oversubscribed.
Deutsche Bank acted as Sole Global Coordinator, and, together with BNP Paribas, Citigroup, and DZ BANK AG as Joint Active Bookrunners for the offering.
Proceeds from the offering will be used for general corporate purposes including the refinancing of upcoming maturities, particularly an equity-neutral convertible bond of
€ 500 million due on September 12, 2023.