L'Oréal Successfully Prices €1.75 Billion Bond Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
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Should l Buy OR?
Source: Globenewswire
- Successful Bond Issuance: L'Oréal has successfully priced a €1.75 billion bond offering, consisting of three tranches: €650 million in 2-year floating rate bonds, €500 million in 3-year fixed rate bonds, and €600 million in 6-year fixed rate bonds, reflecting strong market confidence in its financing needs.
- Clear Use of Proceeds: The net proceeds from this bond issuance will be allocated for general corporate purposes, including financing the acquisition of an additional 10% stake in Galderma announced in December 2025, thereby strengthening its market position in the beauty industry.
- Positive Rating Outlook: The bonds are expected to receive an AA (Stable) rating from S&P and an Aa1 (Stable) rating from Moody's, indicating investor confidence in L'Oréal's financial health and repayment capacity, which may lower future financing costs.
- Well-Structured Trading Arrangement: The bonds are set to be admitted to trading on Euronext Paris on January 12, 2026, with BNP Paribas, BofA Securities, and Crédit Agricole CIB acting as Global Coordinators, ensuring liquidity and market acceptance.
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Analyst Views on OR
Wall Street analysts forecast OR stock price to rise
8 Analyst Rating
5 Buy
3 Hold
0 Sell
Moderate Buy
Current: 40.340
Low
38.00
Averages
44.49
High
62.00
Current: 40.340
Low
38.00
Averages
44.49
High
62.00
About OR
OR Royalties Inc. is a Canada-based intermediate precious metal royalty company. The Company is engaged in the business of acquiring and managing royalties, streams and similar interests in Canada and worldwide. The Company's portfolio is anchored by its cornerstone asset, a 3-5% net smelter return royalty on the Canadian Malartic mine, located in Canada. The Company holds a North American focused portfolio of over 195 royalties, streams and precious metal offtakes, including 21 producing assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
See More
OR Royalties Appoints New Independent Director
- Board Changes: OR Royalties Inc. announces the appointment of Kevin Thomson as an Independent Director, who brings over 40 years of strategic mergers and acquisitions experience in the mining sector, which will significantly support the company's global growth strategy.
- Director Resignation: William Murray John has resigned from the Board effective immediately, having played a vital role in governance, nomination, and sustainability committees, with the company's strategic adjustments reflecting its evolving needs.
- Industry Background: Thomson previously served as Senior Executive Vice President at Barrick Gold Corporation, where he managed complex legal negotiations and corporate strategy, and his extensive experience is expected to provide new perspectives and strategic insights for OR Royalties.
- Company Overview: OR Royalties focuses on precious metals royalties and streaming in Tier-1 mining jurisdictions, currently holding over 195 royalties, with its cornerstone asset being a 3-5% net smelter return royalty on Agnico Eagle Mines' Canadian Malartic Complex, one of the largest gold mines globally.
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- Production Outlook: Gold production at Namdini is set to commence in H1 2025, with the mine in the final phases of ramping up to peak output of approximately 360,000 ounces per year, alongside an expected average of 287,000 ounces annually over the initial 15-year mine life, indicating strong long-term profitability potential.
- Operational Context: The Namdini mine is an open-pit gold mine operated by Shandong Gold (SDGMF), and as production ramps up, OR Royalties' investment is expected to generate stable cash flows and revenue growth, further solidifying its market position in the gold mining sector.
- Strategic Implications: This acquisition not only enhances OR Royalties' asset portfolio but also increases financial flexibility and long-term growth potential through stable gold mining revenues, aligning with its debt-free growth strategy.
See More
OR Royalties Acquires Additional 1% NSR Royalty on Namdini Gold Mine
- Transaction Overview: OR Royalties has acquired a 1% net smelter return royalty on the Namdini Gold Mine for up to $103.5 million, enhancing future cash flows significantly by securing Savannah Mining's remaining 50% interest.
- Gold Production Potential: The Namdini mine is expected to reach peak production of approximately 360,000 ounces of gold per year in 2025, with an average of 287,000 ounces annually over the initial 15-year mine life, bolstering OR Royalties' gold equivalent output expectations.
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- Market Confidence: The acquisition reflects OR Royalties' strong confidence in the Namdini mine, with the CEO highlighting that this move not only reinforces existing assets but also showcases effective collaboration with industry partners, indicating future growth potential.
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