Michelin Luxembourg SCS, established in Luxembourg, serves as a strategic subsidiary of the Michelin Group, focusing on the financing and investment needs of the tire manufacturing giant. The company primarily offers bond issuances to support corporate financing, enhancing the Michelin Group's operational flexibility and investment in innovation.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| MLFP 1.75% 2027-05-28 EURMichelin Luxembourg SCS | Luxembourg | 2027-05-28 | 1.750 | 2.39 |
| MLFP 3.25% 2045-09-30 EURMichelin Luxembourg SCS | Luxembourg | 2045-09-30 | 3.250 | 4.17 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since debuting in the bond market in 2006, Michelin Luxembourg SCS has issued several significant bonds, notably the €500 million green bond in 2021 aimed at funding sustainable projects. Current yields on its bond offerings stand competitively compared to the industry average, reflecting its solid credit rating and robust market position. Notably, all bonds issued feature a focus on sustainability, aligning with Michelin's commitment to environmental responsibility, showcasing an evolving approach in alignment with investor preferences.