CHARENTON-LE-PONT, France— Essilor International reported that it successfully placed an €800 million bond issue last week under what the company described as “very favorable terms and conditions.”

Rated A2 (stable outlook) by Moody’s, the issue comprised two fixed-rate tranches: A €500-million tranche of seven-year, with a 1.750 percent coupon, and a €300 million tranche of 10-year, with a 2.375 percent coupon. This was the lowest coupon ever obtained on an inaugural seven-year issue by a non-financial issuer and the lowest 10-year coupon obtained by a non-financial issuer so far this year, according to Essilor.

Essilor said in a statement that the issue was amply oversubscribed, “illustrating investor confidence in Essilor’s business model and the quality of its credit profile.” The new financing has enabled Essilor to diversify its sources of financing and investor base and to support its growth strategy, the company noted.