Report
Anne-Barbara Nicco

Rexel : Nouvelle émission obligataire

Rexel a annoncé ce matin son intention de procéder à l’émission d’obligations senior unsecured de 400 m EUR de maturité 2030 callable à partir de septembre 2027 (5NC2). Le produit de l’émission sera affecté aux besoins généraux et permettra d’améliorer la structure financière en allongeant la maturité de sa dette à des conditions de financement favorables.
L’IPT a été annoncé à 4,25% avant un price talk à 4% (+/- 12,5 bp), ce qui reste attractif. Le rendement moyen d’une émission BB+ sur 5 ans sur le marché secondaire est en effet de 3,5%.
Underlying
Rexel SA

Rexel distributes low and ultra-low voltage electrical products to contractors, industrial and commercial customers (industrial and commercial companies, municipalities, public entities, parts manufacturers and panel builders). Its products are used for new installations, or maintenance & repair of existing installations. Its products covers Electrical Installation Equipment, Conduits and Cables, Lighting, Security & Communication, Climate Control, Tools, White & Brown Products. Co. also offers services to its customers, such as logistics & distribution, technical assistance & training. Co. operates mainly in four geographical areas: Europe, North America, Asia-Pacific and Latin America.

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
Anne-Barbara Nicco

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