Successful placement of a bond issue in the amount of 250 million euros, maturity March 19, 2018
Paris, December 13, 2012 – Nexans successfully placed a € 250 million bond issue yesterday. This issue will diversify its sources of funding and lengthen its average debt maturity.
This fixed rated issue has a maturity of 5-years and 3 months (19 March 2018 term) and a coupon of 4.25% p.a.
Yield to maturity is 4.375% and issue price 99.398% of par value.
This successful bond issue was allotted to approximately 260 institutional investors, mainly European. Joint lead arrangers were BNPParibas, Crédit Agricole CIB and Société Générale.
Closing is expected on December 19, 2012.
The bonds will be listed on NYSE Euronext Paris
With energy at the basis of its development, Nexans, worldwide expert in the cable industry, offers an extensive range of cables and cabling solutions. The Group is a global player in the energy transmission and distribution, industry and building markets. Nexans addresses a wide series of market segments: from energy and telecom networks to energy resources (wind turbines, photovoltaic, oil and gas or mining…) to transportation (shipbuilding, aerospace, automotive and automation, railways...). Nexans is a responsible industrial company that regards sustainable development as integral to its global and operational strategy. Continuous innovation in products, solutions and services, employee development and commitment, customer orientation and the introduction of safe industrial processes with limited environmental impact are among the key initiatives that place Nexans at the core of a sustainable future. With an industrial presence in 40 countries and commercial activities worldwide, Nexans employs 25,000 people and had sales in 2011 of 7 billion euros. Nexans is listed on NYSE Euronext Paris, compartment A. For more information, please consult: www.nexans.com or www.nexans.mobi