(CercleFinance.com) – Wendel announces the successful placement, carried out today, of a bond issue of 300 million euros maturing in January 2034 with a coupon of 1.375%, the lowest coupon obtained by Wendel on a 12 years old.
The issue was a hit with investors and was more than 2.5 times oversubscribed.
The bonds were placed primarily with French (49%), German (30%) and British (16%) investors.
The net proceeds of this issue will be used for the general financing needs of the Group.