France: Plastic Omnium places €250m bond issue

Plastic Omnium has announced that it has placed its first issue of EuroPP private bonds with French institutional investors. The bonds, with a total value of €250m (US$322.3m), mature in December 2018 (six years and two months). Interest is 3.875% and the bonds are listed on the NYSE Euronext Paris.

Plastic Omnium claims to be one of the first unrated companies to issue bonds on the Euro private placement market.