Shearman And Sterling

News June 02, 2016

Shearman & Sterling Advises Nexans on €250 Million Bond Issue

Shearman & Sterling advised Nexans, a cable manufacturer, in connection with the issuance of a €250 million bond. The fixed-rated issue has a maturity of five years (May 26, 2021 term) and an annual coupon of 3.25% p.a. Yield to maturity is 3.25% and issue price is 100% of par value.

This successful bond issue was allotted to approximately 100 international institutional investors. Crédit Agricole Corporate and Investment Bank, J.P. Morgan Securities plc and Natixis were global coordinators and joint bookrunners, and Commerzbank Aktiengesellschaft and Nordea Bank Danmark A/S were joint bookrunners. The bonds are listed on Euronext Paris, and settlement-delivery took place on May 26, 2016.

Shearman & Sterling’s team was led by partners Hervé Letréguilly and Sami Toutounji (both Paris-Capital Markets), and included counsel Séverine de La Courtie (Paris-Capital Markets) and Anne-Sophie Maes (Paris-Tax); and associate Amandine Souin (Paris-Capital Markets).


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