Legrand: makes successful bond issue.
(CercleFinance.com) - Legrand has announced that it has successfully made a bond issue totalling 1 billion in two tranches of 500 million euros each, with maturities of 7 and 15 years and coupons of respectively 0.
750% and 1.875% p.a.
This issue will help finance Legrand's acquisition of Milestone AV Technologies, a leading US player in the high value sector of infrastructures and audio-video supply.
The group said that with an order backlog over-subscribed to three times, this new issue's great success further illustrates investors' confidence in the strength of our business model.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
750% and 1.875% p.a.
This issue will help finance Legrand's acquisition of Milestone AV Technologies, a leading US player in the high value sector of infrastructures and audio-video supply.
The group said that with an order backlog over-subscribed to three times, this new issue's great success further illustrates investors' confidence in the strength of our business model.
Copyright (c) 2017 CercleFinance.com. All rights reserved.