Nexans is pleased to announce it has successfully placed a bond issue worth €200m.
This fixed-rate issue has a maturity of seven years (5 April 2024 term) and an annual coupon of 2.75% per annum.
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, while BNP Paribas and Banco Santander were also joint bookrunners.
Settlement is expected on 5 April 2017.
The bonds will be listed on the regulated market of Euronext Paris.