"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.
Met energie aan de basis van haar ontwikkeling biedt Nexans, wereldmarktleider in de kabelindustrie, een uitgebreid gamma kabels en kabelsystemen. De Groep is een wereldspeler op infrastructuur-, industrie- en bouwmarkten. Nexans richt zich op een reeks marktsegmenten gaande van energie, transport- en telecomnetwerken tot scheepsbouw, olie en gas, nucleair, automotive, elektronica, luchtvaart, handling en automatisering.
Met een industriële aanwezigheid in meer dan 30 landen en commerciële activiteiten wereldwijd, stelt Nexans 21.000 mensen tewerk en realiseerde in 2006 een omzet van 7,5 miljard euro. Nexans is genoteerd op de beurs van Parijs, compartiment A van de Eurolist van Euronext.
Meer informatie op www.nexans.be
