Legrand today completed a fixed-rate bond issue for an amount of €600 million with a 10-year maturity and an annual coupon of 3.5%.

This operation raises the average maturity of bond debt to 5.3 years, with the next repayment date set for July 6, 2024 for an amount of €500 million.

The success of this issue, subscribed 5.5 times over, demonstrates once again investor confidence in the soundness of Legrand’s development model.