IFLR1000

Safran €650 million convertible bond issuance

5/1/2016
Convertible and hybrid securities
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€ 650 million

$ 686.736 million

Completed

5/1/2016

Overview:

  • French aerospace, defense, and security company Safran successfully issued €650 million of zero coupon OCEANE bonds due 2020.
  • The bonds were issued to the open Market, Freiverkehr, of the Frankfurt stock Exchange by way of private placement. 
  • This was the first convertible bond issued by Safran.
  • BofA Merrill Lynch, BNP Paribas and Crédit Agricole CIB acted as mandated lead arrangers. 

John Crabb - Journalist

Jurisdiction:

France

Deal type:

Convertible and hybrid securities

Practice area:

Capital markets : Debt

Governing law:

France

Industry sectors:

Consumer goods and services
Aviation

Firms:
Clifford Chance

Party: BofA Merrill Lynch (Mandated lead arranger)

Party: BNP Paribas (Mandated lead arranger)

Party: Crédit Agricole Corporate and Investment Bank (Mandated lead arranger)

Lawyers: Aline Cardin, Cedric Burford

Herbert Smith Freehills

Party: Safran (Issuer)

Lawyers: Hubert Segain, Louis de Longeaux

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