"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.
Con los cables de energía como sus principales, Nexans, es el líder de la industria del cable, ofrece una extensa gama de cables de (cobre, aluminio y fibra óptica) y sistemas de cableado. La estrategia del Grupo enfocada en los mercados de infraestructuras, industria y edificios. Nexans también desarrolla soluciones para sectores de industrias como aplicaciones aeronáuticas, aerospaciales, petroquímicas, ferroviarias, médicas, de automoción, en edificios e incluye una oferta dedicada a públicas y privadas ( área local) redes de telecomunicación etc. Con presencia industrial en 30 países y actividades comerciales por todo el mundo, Nexans cuenta con 21.000 empleados y generó unas ventas en 2.006 de 7.5 millones de euros. Las acciones de Nexans cotizan en la bolsa de París compartment A de la Eurolist de Euronext. Más información en www.nexans.es.
