AREVA launches a new 10-year bond issue of 750 million euros
GROUPE / FINANCE
September 08, 2010
AREVA launched and priced today a 750 million euros bond issue due on March 22, 2021 (10-year maturity) with an annual coupon of 3.5%.
Demand rapidly reached an amount close to 2 billion euros, leading to the anticipated closure of the order book.
This bond issue completes the 7-year and the 15-year tranches issued on September 11, 2009 and the 10-year tranche issued on October 23, 2009 for a total amount of 3 billion euros.
It secures the long-term financing needs of the group while benefiting from exceptional market conditions.
AREVA is rated “BBB+” by Standard and Poor’s with a “stable” outlook.
BBVA, Citi and Royal Bank of Scotland acted as bookrunner for this bond issue.