Nexans announces today the success of a bond issuance in an aggregate principal amount of €575 million with a 5-year maturity and an annual interest rate of 4.125%.
Nexans has taken a significant leap forward with this bond issuance, which will be used to finance the acquisition subject to regulatory approvals from the relevant authorities announced in February 2024 of La Triveneta Cavi, an iconic player in the European medium- and low-voltage cable segments, and/or for general corporate purposes of the Group.
Nexans seized the opportunity offered by an active and favourable market environment and the transaction has been welcomed by institutional fixed income investors in France and abroad, confirming the market’s confidence in the Group’s credit quality.
The success of this new bond issuance, the largest bond issuance by Nexans, confirms debt capital market confidence in the Group’s electrification Pure Player strategy.
Deputy CEO and CFO, Nexans
The bonds are rated BB+ by Standard & Poor’s and are admitted to trading on the regulated market of Euronext in Paris as from its issue date.
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