Atos: bond placement heavily oversubscribed to
(CercleFinance.com) - Atos announces that it successfully completed the placement of its 1.
8 billion euro bond issue on 31 October, a placement whose final order book reached 4.6 billion euros, with over 285 different investors.
"This high level of oversubscription enabled Atos to increase the transaction size, price below initial price indications," the IT services group said.
The proceeds of the issue will primarily be used to refinance the bridge loan of 1.6 billion euros, which was used to help fund the acquisition of Syntel. The settlement - delivery of the bonds is scheduled to occur on 7 November.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
8 billion euro bond issue on 31 October, a placement whose final order book reached 4.6 billion euros, with over 285 different investors.
"This high level of oversubscription enabled Atos to increase the transaction size, price below initial price indications," the IT services group said.
The proceeds of the issue will primarily be used to refinance the bridge loan of 1.6 billion euros, which was used to help fund the acquisition of Syntel. The settlement - delivery of the bonds is scheduled to occur on 7 November.
Copyright (c) 2018 CercleFinance.com. All rights reserved.