Safran €650 million convertible bond issuance

5/1/2016
Convertible and hybrid securities

€ 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

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