2nd Dec 2025 22:01
WPP PLC - London-based advertising agency - Successfully prices a EUR1.00 billion 5.5-year senior unsecured fixed-rate RegS bond issuance. The bonds will carry an annual coupon of 3.625% and are expected to be rated "BBB" by S&P and "Baa2" by Moody's. "The transaction garnered significant interest and demand, with a total order book exceeding EUR2.9 billion from a diverse array of institutional investors," WPP says. This "robust" oversubscription of 2.9 times "underscores investor confidence in WPP's credit profile and leading market position," it adds. WPP intends to use the proceeds to fund general corporate purposes, including the refinancing of existing debt. BNP Paribas, Citi, HSBC, NatWest and SMBC led the transaction as joint lead bookrunners.
Current share price: 289.60 pence, down 3.1% in London on Tuesday
12-month change: down 67%
By Jeremy Cutler, Alliance News reporter
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