On November 10,2009, Calyon acted as the lead bank and joint bookrunner alongside BNP Paribas, Natixis and Société Générale for the OceaneBonds convertible into new or existing shares. The issuer of Oceanes may convert them into either new shares issued specifically for this purpose or existing shares that it is holding, for example following a share buy back (source: Vernimmen.net).   convertible bond issue launched by Altran, the European leader in innovation consulting.

 

The issue, which matures in 2015, met with frank success. The total amount of the issue came to EUR 132 million corresponding to 30,136,986 bonds. These bonds, with a par value of EUR 4.38, pay 6.72% interest. They will be repaid at par on January 1, 2015.

 

The issue’s proceeds will be used to meet the company’s general financing needs, diversify its sources of financing, extend the maturity of its debt and, if needed, strengthen its shareholders’ equity in the event the bonds are converted.

 

This transaction strengthens Calyon’s position as one of Altran’s leading banks. Calyon in particular has been involved in several of its primary equity market transactions: the EUR 130 million capital increase in June 2008, the previous convertible bond issue in July 2004 and the capital increase in November 2003.