May 23 (Reuters) – Alstom SA:
* ALSTOM SUCCESSFULLY PLACES A 750 MILLION EURO HYBRID BOND ISSUANCE
*THESE BONDS CARRY A FIXED RATE COUPON OF 5.868% PER YEAR FOR THE FIRST 5.25 YEARS WITH A RESET OF THE RATE EVERY 5 YEARS THEREFORE
*THE ISSUE WAS MASSIVELY OVERSUBSCRIBED REFLECTING STRONG DEMAND FROM DIFFERENT GEOGRAPHICAL AREAS AND INVESTOR CATEGORIES
* THE PROCEEDS FROM THIS ISSUE, AS WELL AS THAT OF THE OTHER COMPONENTS OF THE DEBT PLAN, WILL BE USED TO REPAIR APPROXIMATELY EUR 1.2 BILLION OF SHORT-TERM DEBT BY SEPTEMBER 2024
* THE BALANCE WILL BE INVESTED IN HIGHLY LIQUID SHORT-TERM INSTRUMENTS AND WILL BE ALLOCATED TO REDUCING GROSS DEBT Original text on Eikon For more details, click (Editorial from Gdansk)
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