WENDEL: Successful issue of €300 million 12-year bond issue bearing interest at 1.375%
13 Januar 2022 - 6:17PM
WENDEL: Successful issue of €300 million 12-year bond issue bearing
interest at 1.375%
PRESS RELEASE - JANUARY 13, 2022
Successful issue of
€300 million
12-year bond issue
bearing interest at
1.375%
Wendel has successfully placed today a €300
million bond issue maturing in January 2034 and bearing interest at
1.375%. This is the lowest coupon Wendel has ever obtained on a
twelve-year maturity.
The issue was very well received by investors
and was more than 2.5 times oversubscribed. Bonds were primarily
placed with French (49%), German (30%) as well as British (16%)
investors.
Proceeds of this issue will be used for general
corporate purposes. This transaction will enable Wendel to extend
its average weighted debt maturities to 6.1 years.
Features of the bond issue:
Total amount of the issue |
€300 million |
Maturity |
January 18, 2034 |
Issue price / Reoffer price |
99.441% |
Yield to maturity |
1.426% |
Coupon |
1.375% |
Listing |
Euronext Paris |
Crédit Industriel et Commercial, Crédit Agricole
CIB, Goldman Sachs Bank Europe SE, HSBC and Natixis are acting as
active bookrunners for the Bond Issue and BNP Paribas, Mediobanca
and Societe Generale are acting as passive bookrunners.
Disclaimer
This press release does not constitute an offer,
or an invitation to apply for, or an offer or invitation to
purchase or subscribe for any securities either in the United
States or in any other jurisdiction which may be subject to
restrictions. These securities may not be offered or sold in the
United States of America unless they are registered or exempt from
registration under the US Securities Act of 1933, as amended.
This press release is an advertisement and not a
prospectus within the meaning of Regulation (EU) 2017/1129, as
amended (the “Prospectus Regulation”). A prospectus will be
prepared and made available to the public, in compliance with the
Prospectus Regulation, for the purpose of admitting the 2034 bonds
to trading on the regulated market of Euronext Paris.
This press release does not constitute an offer
of securities in France or in any other country. The 2034 bonds are
the subject of a private placement in France to qualified investors
as defined in Article 2(e) of the Prospectus Regulation and in
accordance with Article L.411-2 of the Monetary and Financial Code,
and outside France. As of the date of this press release, no
prospectus related to the placement of the 2034 bonds has been
approved by a competent authority of any European Economic Area
Member State.
Wendel will undertake no action as part of this
placement with a view to making an offer to the public (other than
to qualified investors) in France or abroad.
In the United Kingdom, this press release may be
sent to qualified investors as defined in Article 2(e) of the
Prospectus Regulation as it forms part of UK domestic law by virtue
of the European Union (Withdrawal) Act 2018 only under
circumstances wherein section 21(1) of the Financial Services and
Markets Act 2000 does not apply.The dissemination of this press
release in any country where such dissemination could constitute a
violation of applicable legislation is prohibited.
- 2022_01_13_PR_Wendel_EN_Success issue
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