Success for Legrand’s euro bond issue
Legrand today successfully launched and priced a euro-denominated bond issue, which is for €300 million over twelve years. The maturity date is December 16, 2027 and the annual coupon is 1.875%.
With the order book quickly oversubscribed nearly 3.5 times, the success of this issue demonstrates once again investors’ confidence in the soundness of Legrand’s business model and the quality of the group’s financial structure.
Following the announcement in July 2014 of the amendment and extension of its syndicated loan, Legrand is anticipating the refinancing of its bonds maturing in 2017 and continuing to successfully extend the maturity of its debt.
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