09
Oct

Alstom successfully launched a 7-year €700 million senior bond issue

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Alstom, global leader in the mobility sector, has today, 8th October 2019, successfully carried out the issuance of senior unsecured Eurobonds for a total of €700 million, at excellent financing conditions.

The bonds have a 7 year maturity and a fixed coupon of 0.25%, payable annually. The order book was more than three times oversubscribed.

The success of this transaction illustrates investors’ strong confidence in Alstom’s group new strategy “Alstom in Motion” launched in June 2019 and solid credit profile. The proceeds of the bond issue will be used for general corporate purposes, including the refinancing of the existing €596 million bonds maturing in March 2020.

The settlement date is on 14th October 2019 and on such date the bonds will be listed and admitted to trading on the regulated market of Euronext Paris. The bonds are expected to be rated Baa2 by Moody’s Investors Services Limited.

BNP Paribas, Crédit Agricole Corporate and Investment Bank, HSBC Bank and Société Générale acted as Active Joint Bookrunners. J.P. Morgan Securities plc, Natixis and UniCredit Bank AG were Passive Bookrunners on the deal.

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