"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.
Com cabos de energia no núcleo de suas operações, a Nexans, líder mundial na indústria de cabos, oferece uma extensa linha de cabos (cobre, alumínio e fibras ópticas), e de sistemas de cabeamento. A estratégia do Grupo é focada nos mercados de infra-estrutura, industrial e construção. A Nexans desenvolve soluções para setores da indústria tais como, construção naval, óleo e gás, nuclear, automotiva, eletrônicos, aeronáutica, movimentação de material e automação, e inclui uma oferta dedicada a redes telecomunicações públicas e privadas (LAN e WAN). Com presença industrial em mais de 30 países, e atividades comerciais em todo o mundo, a Nexans emprega 21.000 pessoas, e registrou vendas de 7.5 milhões de Euros em 2006. A Nexans está listada na bolsa de valores de Paris, no compartimento A da Eurolist, Euronext. Mais informações, acesse www.nexans.com
