Core Viewpoint - L'Oréal has successfully priced a €3 billion bond offering, which will be utilized for general corporate purposes, including financing part of the acquisition of Kering Beauté [1][2]. Group 1: Bond Offering Details - The bond offering consists of three tranches: - A €850 million 2-year floating rate bond with a coupon of 3M + 20bps p.a. - A €1,000 million 5-year fixed rate bond with a coupon of 2.750% p.a. - A €1,150 million long 10-year fixed rate bond with a coupon of 3.375% p.a. [7] - The bonds are rated AA (Stable) by S&P and Aa1 (Stable) by Moody's, and will be admitted to trading on Euronext Paris from 19 November 2025 [2]. Group 2: Company Overview - L'Oréal is the world's leading beauty player with a commitment to fulfilling beauty aspirations globally, emphasizing essential, inclusive, ethical, and sustainable beauty [3]. - The company generated sales of €43.48 billion in 2024 and has over 90,000 employees, with a strong focus on research and innovation [4]. - In 2025, L'Oréal was recognized as the most innovative company in Europe by Fortune magazine, highlighting its leadership in the beauty industry [5].