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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
INDS
PRCD
NEXFP
Nexans SA€350
1EMEA
Mar 4, 2024
currency
EUR
size (m)
350.000
maturity
Mar 11, 2030
type
Fixed
tenor
6.000
call
0.00
registration
Reg S Only
benchmark
-
ranking
Sr. Unsecured
moody's
NR
s&p
BB+
fitch
-
size description
-
re-open/tap
No
ipt
4.75% area
ipt-pxd
-
guidance
4.375% area (+/-12.5bp)
spread
190
coupon
4.250%
spread set
-
price
100.00000
yield
4.250%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
coordinating managers
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
coordinating managers
Tranche Comments
Registration: Reg S Only;
Deal Comments
03/04/2024 Nexans SA (NEXFP) EUR350m (up from EUR300m expected size) Reg S bearer dematerialized sr notes due 03/11/30 (6y). NCL (MWC T+30bp) (3mo par call). (75% clean-up call). NR/BB+ (--/stable). Via JPM (B&D)/SocGen jt glocos/Natixis jt active books/GS passive books, Commerz, Scotia, StanChart as co-managers (SocGen corordinated the roadshow logistics). List Euronext Paris. French law. Annual pay (ac/act), Settles 03/11 (T+5). ISIN: FR0014000L29. IPT: 4.75% area. Guidance: 4.375% area (+/-12.5bp). Final terms: EUR350m 4.25% at par. Priced: 4.25% at 100. ms+152bp. +190bp vs DBR 0% 02/15/30. Did investor calls 03/01 (global investor call at 13.30 UKT/14.30 CET 03/01). DealRoadshow Investor presentation available at: https://dealroadshow.com/e/NGIC24. Books closed at 1pm UKT 03/04. Final book size over EUR1.35bn (over EUR1.5bn at guidance, pre-rec; over EUR1.8bn at IPT). UOP: GCP of the Group, including the refinancing of the Issuer’s outstanding EUR200m 2.75% bonds due 5 April 2024 (FR0013248713) (callable at 100). Biz: a leader in the design and manufacturing of electric cable systems and services and key driver for the world’s sustainable electrification. HQ: Paris, France.   Small Group Call Schedule: Friday, March 1, Slot #1: 14.45-15.30 UKT / 15.45-16.30 CET | 1-to-few; Slot #2: 15.45-16.30 UKT / 16.45-17.30 CET | 1-to-few.

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