Clifford Chance advised on the transaction.
Safran has issued a dual-tranche bond for a total amount of 1.4 billion euros, consisting of (1) a 700 million euros tranche with a 5-year maturity and a coupon of 0.125% per annum and (2) a 700 million euros tranche with a 10-year maturity and a coupon of 0.750% per annum.
It is Safran’s first issue since the publication of its long-term rating by Standard & Poor’s on 25 February 2021 (BBB+ (outlook stable)). The Bonds are admitted to trading on Euronext Paris and are rated by Standard & Poor’s (BBB+).
The proceeds of this offering will be used for Safran’s general corporate purposes.
Clifford Chance advised Crédit Industriel et Commercial and Société Générale as global coordinators, together with Banco Santander S.A., MUFG Securities (Europe) N.V., SMBC Nikko Capital Markets Europe GmbH and Standard Chartered Bank AG, the joint lead managers on this transaction with a team consisting of Cédric Burford (Picture), partner, Jessica Hadid and Baya Hariche, associates.
Law Firms: Clifford Chance;