Legrand today completed a fixed-rate bond issue for an amount of €600 million with a 10-year maturity and an annual coupon of 0.75%.

This operation raises the average maturity of bond debt to 6.7 years, with the next repayment date set for April 19, 2022, for an amount of €400 million.

The success of this issue, subscribed 3.2 times over, demonstrates once again investor confidence in the soundness of Legrand’s development model.