Find out all Crédit Agricole CIB's information on real time : latest deals, leagues tables, awards, flash. And every month, our special report on an current subject.
Calyon, co-lead manager for Areva's first-ever bond issue
Calyon acted as co-lead manager for Areva’s inaugural bond issue.
The EUR 2.25 billion deal included a EUR 1.25 billion, seven-year tranche with an annual coupon rate of 3.875% and a EUR 1 billion, 15-year tranche with a coupon of 4.875%. The issue was rated A by Standard & Poor's, and was oversubscribed by a factor of more than seven. It was placed with a wide range of European investors.
"The order book was closed in 10 minutes, with a final size exceeding EUR 16 billion" announced the nuclear energy group in a press release.
This bond issue significantly lengthens the average maturity of Areva’s debt and supports its development plan.
"Areva is pleased with investors’ interest in this first bond issue. This success demonstrates their confidence and shows their support for the Group’s strategy" commented Alain-Pierre Raynaud, Areva’s Chief Financial Officer.
Areva is a world energy expert, with a focus on nuclear energy. The Group has nearly 75,000 employees worldwide.