Thales: bond issue for acquisition of Gemalto
(CercleFinance.com) - Thales has announced completing a bond issue in two tranches, for a total of 1 billion euros, thus finalising the funding of its planned acquisition of Gemalto, which is set to close in the second half of 2018.
The issue has been largely oversubscribed to by a diversified investor base. The amounts raised will enable the group to cancel the dedicated Bank bridge loan concluded in December 2017 to finance this acquisition.
The issue includes a tranche of 500 million euros in two years, at a variable rate, with a coupon of Euribor 3 month rate +0.1%, as well as a tranche of 500 million euros in six years, at a fixed rate, with a coupon of 0.875%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The issue has been largely oversubscribed to by a diversified investor base. The amounts raised will enable the group to cancel the dedicated Bank bridge loan concluded in December 2017 to finance this acquisition.
The issue includes a tranche of 500 million euros in two years, at a variable rate, with a coupon of Euribor 3 month rate +0.1%, as well as a tranche of 500 million euros in six years, at a fixed rate, with a coupon of 0.875%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.