Bond issue will lengthen significantly the average maturity of AREVA’s debt and support the group’s development program
– By Mark McFadden –
AREVA has launched and priced successfully a EUR 2.250 billion inaugural bond issue, comprising a EUR 1.250 billion 7-year tranche (bond due in September 2016) with an annual coupon of 3.875% and a EUR 1 billion 15-year tranche (bond due in September 2024) with an annual coupon of 4.875%.
"AREVA is pleased with investors’ interest in this first bond issue. This success demon-strates their confidence in the group’s strategy." commented Alain-Pierre Raynaud, AREVA’s Chief Financial Officer.
This bond issue will lengthen significantly the average maturity of AREVA’s debt and support the group’s development program.
The order book was closed in less than 10 minutes, with a final size exceeding EUR 16 billion.
AREVA's long-term debt is rated ‘A’ with "stable" outlook by Standard & Poor's. CALYON Crédit Agricole CIB, HSBC, J.P. Morgan and Société Générale Corpo-rate & Investment Banking acted as bookrunner for this bond issue.