"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.
Nexans är världsledare inom kabelindustrin och erbjuder med tyngdpunkt inom kraftöverföring ett omfattande urval av kablar och kabelsystemlösningar för infrastruktur, installation och industri. Nexans riktar sig till en rad marknadssegment från el- och telenät, vägar och järnvägar till skeppsbyggnad, olje- och gasindustri, kärnkraft, fordonsindustri, elektronik, rymdteknik, materialhantering och automation.
Med industriell närvaro i mer än 30 länder och kommersiell verksamhet över hela världen, har Nexans 21 000 anställda och en försäljning under 2006 på 7,5 miljarder euro. Nexans är noterat på Parisbörsen.
