Report
Mateo Salcedo

Prysmian : Focus Emission

Prysmian is back into the EUR bond market after being absence for some years only holding convertible bonds. The company is marketing a dual tranche EUR benchmark bond offering, split between a 4-year and a 7-year bond, through its recently approved € 3bn EMTN programme. Proceeds from the transaction will be used to refinance the bridge acquisition facilities entered earlier this year to carry out the acquisition of Encore Wire. The transaction should allow it to push back debt m...
Underlying
Prysmian S.p.A.

Prysmian and its subsidiaries produce, distribute and sell cables and systems and related accessories for the energy and telecommunications industries. Co. operates in two segments. The energy segment includes utilities, which organized in four lines of business, comprising high voltage, power distribution, accessories and submarine; trade and installers; industrial; and other, such as sales of residual products. The telecom segment produces cable systems and connectivity products used in telecommunication networks. This segment is organized in the following lines of business: optical fibre, optical cables, connectivity components and accessories, Optical Ground Wire and copper cables.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Mateo Salcedo

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