Adecco Group successfully issues EUR 500 m hybrid bonds. The advisors 

Adecco Group has successfully priced its EUR 500 million Subordinated Fixed-to-Reset Rate Securities due 2082. Settlement will take place on September 21, 2021.  

The hybrid bonds were issued by Adecco International Financial Services B.V. and guaranteed, on a subordinated basis, by Adecco Group. Application will be made for the hybrid bonds to be admitted to the Official List and to the London Stock Exchange for the admission to trading on the Main Market. 

The advisors 

Homburger advised Adecco Group with respect to all aspects of Swiss law. The Homburger team was led by partners Daniel Daeniker (corporate / m&a and capital markets, pictured right) and Benjamin Leisinger (capital markets, pictured left) and included counsel Eduard De Zordi (capital markets). 

J.P. Morgan and Société Générale Corporate & Investment Banking acted as Joint Structuring Agents to the issuer and the guarantor. Barclays, BNP Paribas (B&D), J.P. Morgan, Société Générale Corporate & Investment Banking and UBS Investment Bank acted as Joint Lead Managers.