THE WHAT? L’Oréal has issued its first US dollar-denominated bond, raising US$1 billion with a maturity date of May 20, 2035.

THE DETAILS The bond carries a 5.00% coupon and has received strong credit ratings—AA (Stable) from S&P and Aa1 (Stable) from Moody’s. Proceeds from the issuance will be used for general corporate purposes. The transaction was completed on May 13, 2025, and marks L’Oréal’s entry into the American bond market.

THE WHY? The bond issuance expands L’Oréal’s financing strategy and enhances its liquidity position. Entering the US bond market provides the group with greater access to international capital and financial flexibility to support its global operations, including in its core cosmetics and personal care divisions.

Source: loreal-finance