(CercleFinance.com) – Nexans announces the success of a bond issue for a total nominal amount of 350 million euros over a maturity of six years and an annual interest rate of 4.25%, with a base diversified portfolio of institutional investors in France and internationally.
This transaction was four times oversubscribed, strong demand which allowed the cable systems manufacturer ‘to obtain a low coupon rate in view of market conditions for a maturity of six years’.
Nexans took advantage of a favorable market environment to refinance in advance its bond issue of 200 million euros at an interest rate of 2.75%, maturing on April 5. The rest of the funds will be allocated for general needs.
Copyright © 2024 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
