Nexans successfully completes a €350 million bond issuance
11 Marzo 2024 - 6:00PM
Nexans successfully completes a €350 million bond issuance
Nexans successfully completes a €350
million bond issuance
_PRESS
RELEASE_
Paris, March 11, 2024 – Nexans
announces today the success of a bond issuance for an aggregate
principal amount of EUR 350 million with a 6-year maturity and an
annual interest rate of 4.25%.
This transaction has been welcomed by a
diversified base of institutional fixed income investors in France
and abroad and four times oversubscribed. The strong demand allowed
Nexans to tighten a low coupon for a 6-year maturity with regard to
market conditions.
Nexans seizes the opportunity offered by a
favorable and well-oriented market environment to refinance in
advance its outstanding EUR 200 million 2.75% bonds due April 5,
2024. The remaining part of the net proceeds will be allocated to
general corporate purposes.
Jean Christophe Juillard, Deputy CEO and CFO of
Nexans declared: “The success of this new bond issuance confirms
financial market confidence in Nexans’ strategy and robust
performance. Nexans is building on its strong and lasting relation
with its investors".
The bond is rated BB+ by Standard & Poor’s
and is admitted to trading on the regulated market of Euronext in
Paris as from its issue date.
DISCLAIMER
This press release does not constitute an offer
to subscribe to the Bonds in or from any country or jurisdiction to
whom or in which such offer would be unlawful under the applicable
laws and regulations.
The distribution of this press release may be
restricted by law in certain jurisdictions. Persons into whose
possession this press release comes should inform themselves about
and observe any applicable legal and regulatory restrictions.
The Bonds have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the
“Securities Act”) or the securities laws of any
other jurisdiction and may not be offered or sold in the United
States or to, or for the account or benefit of, U.S. persons (as
defined in “Regulation S” under the Securities
Act) (the “U.S. Persons”) absent registration or
an applicable exemption from the registration requirements of the
Securities Act and any other applicable securities laws. This press
release does not constitute an offer to sell or the solicitation of
an offer to buy the Bonds, nor shall it constitute an offer,
solicitation or sale in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Nexans
For over a century, Nexans has played a crucial
role in the electrification of the planet and is committed to
electrifying the future. With approximately 28,500 people in 41
countries, the Group is paving the way to a new world of safe,
sustainable and decarbonized electricity that is accessible to
everyone. In 2023, Nexans generated 6.5 billion euros in standard
sales. The Group is a leader in the design and manufacturing of
cable systems and services across four main business areas: Power
Generation & Transmission, Distribution, Usage and Industry
& Solutions. Nexans was the first company in its industry to
create a Foundation supporting sustainable initiatives, bringing
access to energy to disadvantaged communities worldwide. The Group
is recognized on the CDP Climate Change A List as a global leader
on climate action and has committed to Net-Zero emissions by 2050
aligned with the Science Based Targets initiative (SBTi).
Nexans. Electrify the future.
Nexans is listed on Euronext Paris, compartment
A.For more information, please visit
www.nexans.com
Contacts:
Communication Mael Evin (Havas
Paris) Tel. : +33 (0)6 44 12 14 91nexans_h@havas.com
Emmanuel Guinotemmanuel.guinot@nexans.com
Maëllys Leosticmaellys.leostic@nexans.com
|
Investor
relations Elodie
Robbe-MouillotTel.: +33 (0)1 78 15 03
87elodie.robbe-mouillot@nexans.com |
- Press release_Nexans successfully completes a €350 million bond
issuance
Grafico Azioni Nexans (EU:NEX)
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Grafico Azioni Nexans (EU:NEX)
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