"This press release is not an offer of securities in France, in the United States or any other jurisdiction. The bonds may not be offered or sold in the United States or to, or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended) unless they are registered or exempt from registration under the U.S. Securities Act of 1933, as amended. Nexans does not intend to register any portion of the proposed offering in the United States or to conduct an offering of securities in the United States".
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Successful placement of Nexans inaugural bond issue
Paris, April 25, 2007 – Nexans, the worldwide leader in the cable industry, announces today that it has successfully placed its inaugural bond issue for an amount of €350 million and a tenor of 10 years.
The issue was significantly oversubscribed with an order book totalling €4.3bn and 240 investors. This strong interest allowed for a tightening of the initial spread guidance from 145 bp to 140 bp over the 10-year mid-swap rate.
The issue was allocated to a wide range of European investors of which 35% in France and 34% in the United Kingdom.
Nexans’ objectives were to refinance existing debt, diversify its sources of funding, and lengthen its average debt maturity.
Med energi som den primære drivkraft tilbyder Nexans, der er verdens førende inden for kablingsindustrien, en række omfattende kabel- og kabelsystemer. Gruppen spiller en vigtig rolle på den internationale scene, når det gælder infrastruktur, industri, byggeri og LAN. Nexans henvender sig til en lang række markedssegmenter, der spænder lige fra energi, transport og telenetværk til skibsbyggeri, olie og gas, kernekraft, automobilproduktion, elektronik og luftfart samt håndtering og automatisering.
Nexans er repræsenteret i mere end 30 lande og har aktiviteter i hele verden. Virksomheden beskæftiger 22.000 medarbejdere og havde i 2007 en omsætning på 7,4 milliarder euro. Nexans er registreret på Euronext i Paris, afdeling A.
