AREVA increases its 5-year bond issue by 400 million euros
GROUP / FINANCE
March 08, 2012
AREVA launched and priced today a 400-million euro bond issue through an increase of its existing bond issue due on October 5, 2017 (5-year maturity), with an annual coupon of 4,625%.
This bond issue completes the 7-year and the 15-year tranches issues on September 11, 2009, the 10-year tranche issued on October 23, 2009, the 10-year tranche issued on September 8, 2010 and the 6-year tranche issued on September 28, 2011, so that total AREVA’s outstanding debt issues amount to 4.65 billion euros.
It secures the long-term financing needs of the group, as a complement to the disposal program forming part of the “Action 2016” plan.
AREVA’s long term debt is rated “BBB-” by Standard and Poor’s with a stable outlook.
Crédit Agricole CIB, Deutsche Bank, Natixis and Royal Bank of Scotland acted as bookrunners for this bond issue.