Alcatel Lucent launches 1 bln euros convertible bonds


Monday, 2 Jun 2014 01:56am EDT 

Alcatel Lucent SA:Launches offering of bonds convertible into and/or exchangeable for new and/or existing shares in two tranches.First tranche of initial nominal amount of about 600 mln euros to mature on Jan. 30, 2019.Second tranche of initial nominal amount of about 400 mln euros to mature on Jan. 30, 2020.2019 issuance may be increased by 10 pct to reach aggregate maximum nominal amount of about 660 mln euros.2020 issuance may be increased by 10 pct to reach aggregate maximum nominal amount of about 440 mln euros.Both increases depend on exercising in full of over-allotment options granted to Joint Global Coordinators and Joint Bookrunners at latest on June 5.Transaction purpose is to reimburse in full or partially Senior Secured Credit Facility of $1,750 mln, extend debt maturity and reduce amount of interest paid. 

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