Nexans: E350m bond issue

(CercleFinance.com) - Nexans announces a successful bond issue, with a total nominal amount of E350m with a six-year maturity and an annual interest rate of 4.
25%, with a diversified base of institutional investors in France and abroad.

This transaction was four times oversubscribed to, with this strong demand enabling the cable systems manufacturer to obtain a low coupon rate in view of market conditions for a six-year maturity.

Nexans took advantage of a favourable market environment to refinance early its bond loan of E200m at an interest rate of 2.75%, maturing on 5 April. The remaining funds will be allocated to general corporate purposes.


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