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Adidas launches €1bn bond sale

An Adidas store in Manhattan (Photo by Spencer Platt/Getty Images)

German sportswear manufacturer Adidas has announced that it has successfully placed two bonds in an amount worth €1bn ($1.04bn) in total.

A three-year bond of €500m matures in November 2025 and has a coupon of three per cent, while a seven-year bond of €500m matures in November 2029 and has a coupon of 3.125 per cent.

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