20 November 2020
Paris La Défense, France
Thales issues a EUR500m bond
Thales (Euronext Paris: HO) has issued yesterday Thursday November 19th a
EUR500m, 0% fixed-rate bond maturing in March 2026.
On the back of favourable market conditions, this issue will be used in
particular to partly replace the EUR2bn syndicated credit facility signed last
April as well as to early refinance the two bond issues maturing on 2021. It
will strengthen the overall liquidity of Thales, by maintaining the Group's
financial flexibility and extending the maturity of its financial resources.
The success of this issue with investors confirms the confidence of the market
in the creditworthiness of the Group, which is rated A2 (outlook: negative) by
Moody's and BBB+ (outlook: stable) by S&P Global Ratings.
The issue was lead managed by Banco Santander, BNP Paribas, CIC, Commerzbank,
Crédit Agricole Corporate & Investment Bank, Deutsche Bank, HSBC, Natixis,
Société Générale and Unicredit.
Thales (Euronext Paris: HO) is a global technology leader shaping the world of
tomorrow today. The Group provides solutions, services and products to
customers in the aeronautics, space, transport, digital identity and security,
and defence markets. With 83,000 employees in 68 countries, Thales generated
sales of EUR19 billion in 2019 (on a pro forma basis including Gemalto over 12
Thales is investing in particular in digital innovations - connectivity, Big
Data, artificial intelligence and cybersecurity - technologies that support
businesses, organisations and governments in their decisive moments.