Groupe SEB : Issuance Focus
Seb is returning to the bond market with an offering of € 500m five-year notes which will be used to refinance the SKFP 1.375% 2025 notes due on 16 June 2025. Although the group is a regular issuer of commercial paper and schuldschein debt, it rarely taps the bond market and does not have an issuer rating with S&P, Moody's or Fitch. The new bond offering will therefore be "priced" as "non-rated" and should therefore offer a premium over rated comparable bonds.SEB is engaged in the design, manufacture and marketing of cookware and small household appliances such as pressure cookers, irons, coffeemakers, deep fryers, toasters, kitchen utensils, breadmakers, mixers, blenders, bathroom scales, vacuum cleaners, fans, heaters, air conditioners and food processors. Co.'s products fall into eight categories: Home comfort, Home care, Food preparation, Linen care, Personal care business, Cookware, Electrical cooking and Beverage preparation. Co.'s brands are All-Clad, Krups, Lagostina, Moulinex, Rowenta, Tefal, Calor/Seb, T-fal/Mirro/WearEver/AirBake/Regal, Arno/ Panex//Rochedo/Penedo/Clock/Samurai/Imusa/Umco, Supor, AsiaVina and Maharaja Whiteline.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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