Oddo BHF - Rexel SA (RXL) Rexel : Sustainability-linked notes offering for a nominal amount of €400 m

Report

Oddo BHF

Anne-Barbara Nicco

Rexel : Sustainability-linked notes offering for a nominal amount of €400 m

Rexel intends to offer €400 m of senior unsecured sustainability-linked notes due 2030. The IPT is announced at 5.5-5.75%. In this report, we review the group's latest developments and estimate the fair price of the transaction. - > - - - - - - - - - - - - ...

05/09/2023 1 EN

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.

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FR0010451203 Euronext Paris France

Provider

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.

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Analysts

Anne-Barbara Nicco

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Rexel : Sustainability-linked notes offering for a nominal amount of €400 m

Rexel: Disclosure of trading in own shares from Oct. 27 to October 31, 2025

Rexel : Déclaration des transactions sur actions propres du 27 au 31 oct. 2025

Rexel: Disclosure of trading in own shares from October 20 to October 24, 2025

ODDO : Strengthening the EU's protectionist framework: reality check

ODDO : Renforcement du cadre protectionniste de l’UE : reality check

Picard : Nouvelle émission obligataire senior unsecured

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