03/29/2023 Nexans SA (NEXFP) EUR400m (up from EUR325m) Reg S bearer sustainability-linked sr unsec notes due 04/05/28 (5y). NCL (MWC B+50bp, 3mo par call, 75% clean-up call). NR/BB+ (--/positive). Via BNPP (B&D)/CA jt glocos/GS jt active books, CIC, IMI, Nordea, Santander as co-lead managers. CA is acting as ESG Structuring Advisor. List Paris. French Law. Annual pay. SPT: 1. A 29.4% reduction in absolute Scopes 1 & 2 GHG emissions by 2026 vs baseline 2019; 2. A 21.8% reduction in "cradle-to-shell" Scope 3 GHG emissions by 2026 vs baseline 2019. Interest rate step-up: +50bp on the last coupon if a Trigger Event occurs (Trigger event: if both SPTs are not met buy 12/31/2026). Settles 04/05 (T+5). ISIN: FR001400H0F5. Indications of interest high 5s to 6%. Px talk: 5.75% area. Final terms: EUR400m 5.50% coupon at 100. Priced: 5.50% at 100. +321bp vs DBR 0.5% 02/15/28. Did investors calls 03/27-28 (global Investor Call 10am UKT 03/27). Books closed at 10:30am 03/29. Reconfirms were due at 11:30am UKT 03/29. UOP: GCP. Biz: a leader in the design and manufacturing of cable systems and services and key driver for the world’s sustainable electrification. HQ: Paris, France.