Finance, Group |02.26.2018 19:00
Successful new bond issue
Legrand today launched a new bond issue for a total of €400 million with an 8-year maturity. The maturity date is March 6, 2026 and the annual coupon is 1.0%.
The issue’s smooth placement demonstrates once again investors’ confidence in the soundness of Legrand’s development model as well as the quality of its financial structure.
After two successful bond issues in 2017, for a total amount of €1.4 billion, Legrand is thus pursuing its refinancing operations at very attractive rate conditions while extending its debt maturity.