Franco-American Alcatel-Lucent has launched a private placement of up to E500m senior notes.
The company said the proceeds would be used to partially refinance the outstanding E818m of its 4.75% convertible/exchangeable bonds due on January 1, 2011.
The…
Franco-American Alcatel-Lucent has launched a private placement of up to E500m senior notes.
The company said the proceeds would be used to partially refinance the outstanding E818m of its 4.75% convertible/exchangeable bonds due on January 1, 2011.
The new senior notes are due on January 15 2016 and have a coupon of 8.5%.
The offering will be settled on December 2.
