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The Our Group, the world's leading talent advisory and solutions company, has announced the issuance of a new CHF 300 million bond. The bond, rated by international rating agencies Moody's and S&P Global Ratings, has a five-year term and an annual coupon rate of 2.3775%.
The bond offering, set to mature on November 17, 2027, is a testament to the group's financial strength and stability. Moody's assigned an A3 rating, while S&P Global Ratings gave an A- rating to the bond.
The Our Group, headquartered in Zurich, Switzerland, and listed on the SIX Swiss Exchange (ADEN), enables more than 3.5 million careers in around 60 countries. The net proceeds from the bond offering will be used for general corporate purposes.
The bond's issuance comes amidst a global economic landscape marked by various factors, such as global GDP trends, demand for temporary work, the impact of COVID-19, changes in regulation, integration of acquired companies, personnel and client retention, IT disruptions, commercial relationships, disputes, legal and tax proceedings, and more.
The group AG assumes no duty to update the forward-looking statements, which are based on information available as of the date of the release. However, it is important to note that actual results could differ materially from the group AG's current expectations.
For media inquiries, please contact the Press Office at media@ourwebsite or 41 (0)44 878 87 87. For further information, investors are encouraged to reach out to the Investor Relations at investor.relations@ourwebsite or 41 (0)44 878 88 88.
The Our Group AG is rated Baa1 stable by Moody's and BBB+ stable by Standard & Poor's. The settlement date for the bond offering is November 17, 2022. This news release contains forward-looking information about the future performance of the group AG. Actual results could differ materially from the group AG's current expectations.
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