Wendel: success of its 300 ME bond issue

(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 big 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.

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