Successful launch of AREVA's first bond issue
GROUPE / FINANCE
September 11, 2009
AREVA today 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%. The order book was closed in less than 10 minutes, with a final size exceeding EUR 16 billion.
This bond issue will lengthen significantly the average maturity of AREVA’s debt and sup-port the group’s development program.
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.
"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.