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Adecco Group announced yesterday its successful issue of EUR 400 million notes. The note coupon is listed at 2.75% with a maturity date of 15 November 2019. The expected settlement date for the notes is 16 July 2013.
The notes were issued through Adecco International Finance Service BV and guaranteed by Adecco S.A. The proceeds from the issuing will be used for general corporate purposes; including the refinancing of a previous note issue that is due to expire 28 April 2014.
Switzerland-based Adecco Group is a global provider of HR solutions, with over 5,500 offices in more than 60 countries. Adecco was listed as the largest global staffing firm by Staffing Industry Analysts in 2012.