Successful placement of a bond issue in the amount of 250 million euros, maturity May 26, 2021
Paris, May 19, 2016 – Nexans successfully placed a € 250 million bond issue today. This fixed rated issue has a maturity of 5-years (May 26, 2021 term) and an annual coupon of 3.25% p.a.
Yield to maturity is 3.25% and issue price is 100% of par value.
This successful bond issue was allotted to approximately 100 international institutional investors. Crédit Agricole Corporate and Investment Bank, J.P. Morgan Securities plc and Natixis were global coordinators and joint bookrunners, and Commerzbank Aktiengesellschaft and Nordea Bank Danmark A/S were joint bookrunners.
Settlement is expected on May 26, 2016.
The bonds will be listed on NYSE Euronext Paris.
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Nexans brings energy to life through an extensive range of cables and cabling solutions that deliver increased performance for our customers worldwide. Nexans’ teams are committed to a partnership approach that supports customers in four main business areas: Power transmission and distribution (submarine and land), Energy resources (Oil & Gas, Mining and Renewables), Transportation (Road, Rail, Air, Sea) and Building (Commercial, Residential and Data Centers). Nexans’ strategy is founded on continuous innovation in products, solutions and services, employee development, customer training and the introduction of safe, low-environmental-impact industrial processes.
In 2013, Nexans became the first cable player to create a Foundation to introduce sustained initiatives for access to energy for disadvantaged communities worldwide.
Nexans is an active member of Europacable, the European Association of Wire & Cable Manufacturers, and a signatory of the Europacable Industry Charter. The Charter expresses its members' commitment to the principles and objectives of developing ethical, sustainable and high-quality cables.
Nexans, acting for the energy transition, has an industrial presence in 40 countries, commercial activities worldwide, is employing close to 26,000 people and generating sales in 2016 of 5.8 billion euros. Nexans is listed on Euronext Paris, compartment A.
For more information, please consult: www.nexans.com