Capital/Financing Update • Oct 24, 2024
Capital/Financing Update
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24 th October 2024
Kingspan Group plc, the global leader in high performance insulation and building envelope solutions is pleased to announce a debut public bond of €750m raised yesterday at a fixed coupon of 3.5% pa on a seven-year term. Demand for the bond was significantly oversubscribed with the initial order book attracting bids in excess of €3.5billion. Kingspan is rated as a strong investment grade credit, BBB stable, by both S&P and Fitch.
Geoff Doherty, Kingspan's Group CFO commented:
"This is another capital market milestone for Kingspan. In making our debut into public debt markets we have opened a highly liquid capital pool on attractive terms to fund the next wave of our global growth. We are firmly committed to our strong investment grade rating".
Lorcan Dowd Company Secretary + 353 (0)42 9698000
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