Luxembourg: Eurofins raises €600m with seven-year bond

Eurofins Scientific, rated Baa3/stable by Moody’s and BBB-/stable by Fitch, a global leader in bioanalytical testing, has issued a €600m (US$647m) 7-year senior unsecured euro-denominated public bond. The bonds, due September 6, 2030, pay an annual coupon of 4.75%. Pricing equates to 165bp over mid-swaps. The transaction was more than 2.7x over-subscribed, according to Eurofins….