Successful placement of a bond issue in the amount of 200 milion euros, maturity April 5, 2024
Paris, March 29, 2017 – Nexans successfully placed a € 200 million bond issue today. This fixed rated issue has a maturity of 7-years (April 5, 2024 term) and an annual coupon of 2.75 % p.a..
Yield to maturity is 2.75 % and issue price is 100 % of par value.
This successful bond issue was allotted to approximately 160 international institutional investors. HSBC and Société Générale were global coordinators and joint bookrunners, BNP Paribas and Banco Santander were joint bookrunners.
Settlement is expected on April 5, 2017.
The bonds will be listed on the regulated market of Euronext Paris.
- May 3, 2017: 2017 First-Quarter Financial Information
- May 11, 2017: Annual Shareholders' Meeting
- July 27, 2017: 2017 First-Half Results
As a global leader in advanced cabling and connectivity solutions, Nexans brings energy to life through an extensive range of best-in-class products and innovative services. For over 120 years, innovation has been the company’s hallmark, enabling Nexans to drive a safer, smarter and more efficient future together with its customers. Today, the Nexans Group is committed to facilitating energy transition and supporting the exponential growth of data by empowering its customers in four main business areas: Building & Territories (including utilities, smart grids, emobility), High Voltage & Projects (covering offshore wind farms, submarine interconnections, land high voltage), Telecom & Data (covering data transmission, telecom networks, hyperscale data centers, LAN), and Industry & Solutions (including renewables, transportation, Oil & Gas, automation, and others). Corporate Social Responsibility is a guiding principle of Nexans’ business activities and internal practices. In 2013 Nexans became the first cable provider to create a Foundation supporting sustainable initiatives bringing access to energy to disadvantaged communities worldwide. The Group’s commitment to developing ethical, sustainable and high-quality cables drives its active involvement within several leading industry associations, including Europacable, The National Electrical Manufacturers Association (NEMA), International Cablemakers Federation (ICF) or CIGRE to mention a few. Nexans employs more than 26,000 people with industrial footprint in 34 countries and commercial activities worldwide. In 2017, the Group generated 6.4 billion euros in sales. Nexans is listed on Euronext Paris, compartment A. For more information, please consult: www.nexans.com