Wendel Raises €500m with 8-Year Bond at 3.75% Yield, Oversubscribed 5.2x

Wendel successfully issued a €500 million 8-year bond with a 3.75% interest rate, which was more than 5.2 times oversubscribed. The company will use the proceeds to exercise an early redemption option on a 2.50% bond maturing in 2027, extending the average maturity of its bond debt. The bond will mature in August 2033 and is listed on Euronext Paris.

Wendel, a leading European listed investment firm, has successfully issued a €500 million 8-year bond with a 3.75% interest rate. The bond was more than 5.2 times oversubscribed, reflecting strong investor interest in the company's debt offerings. The proceeds from this issuance will be used to exercise an early redemption option on a 2.50% bond maturing in 2027. This move will extend the average maturity of Wendel's bond debt, aligning with the company's strategic objectives to optimize its capital structure.

The newly issued bond, which will mature in August 2033, is listed on Euronext Paris. The bond's successful issuance underscores Wendel's ability to access the capital markets and demonstrates investor confidence in the company's financial position and strategic direction. The bond was underwritten by Crédit Agricole Corporate and Investment Bank, Crédit Industriel et Commercial S.A., Mediobanca - Banca di Credito Finanziario S.p.A., Natixis, and Société Générale.

Wendel's recent financial results, released in July 2025, highlight the company's strong performance in its asset management activities. The company's asset management platform now manages €39 billion in private assets for third parties, representing a significant portion of its total assets under management (AUM). Wendel's strategic shift into third-party asset management has been a key driver of its growth, with the company successfully raising €4.3 billion in new funds over the first half of 2025 through its asset management subsidiaries, IK Partners and Monroe Capital.

The issuance of the new bond is a testament to Wendel's robust financial structure and commitment to maintaining its investment-grade rating. As of June 30, 2025, Wendel's average debt maturity stood at 3.1 years, with an average cost of 2.4% and a leverage-to-treasury (LTV) ratio of 18.5% on a pro forma basis. The company's strong financial position has allowed it to execute its strategic plans, including the acquisition of Monroe Capital, which has further expanded its asset management capabilities.

References:

[1] https://www.webdisclosure.com/press-release/wendel-investor-conference-calls-ahead-of-the-launch-of-a-potential-500-million-8-year-bond-issue-jiH8Qaa2XNU
[2] https://www.globenewswire.com/news-release/2025/07/30/3124309/0/en/WENDEL-2025-Half-Year-Results.html