Legrand today completed a fixed-rate bond issue for an amount of €500 million with a 10-year maturity and an annual coupon of 3.625%.

This operation raises the average maturity of bond debt to 5.7 years, with the next repayment date set for March 6, 2026 for an amount of €400 million.

The success of this issue, subscribed close to 3 times at closing, demonstrates once again investor confidence in the soundness of Legrand’s development model.