URENCO issues €500 million Eurobond
16 May 2008
URENCO has issued a €500 million, 7-year, Eurobond under its recently launched European Medium Term Note (EMTN) programme, which is rated A1 by Moody’s and A- by Standard and Poors.
The Eurobond will be listed on the London Stock Exchange on Thursday 22 May 2008. The joint book-runners for the issue were Barclays Capital, BNP Paribas and JPMorgan Cazenove.
Funds raised will help to finance the substantial capacity expansion programme which is ongoing across the URENCO Group at sites in Europe and in the US.
Bart Le Blanc, Chief Finance Officer commented: “URENCO’s bond issue was three times over-subscribed and well placed among a wide group of European Institutions. The level of interest in this issue is a reflection of URENCO’s strong credit fundamentals and growth strategy underpinned by an order book which now exceeds €18 billion.”