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PRYSMIAN GROUP | DIRECTORS’ REPORT
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bonds were intended for sale to institutional investors only. Consequently, on 30 March 2015
Prysmian S.p.A. completed the placement with institutional investors of an unrated bond, on the
Eurobond market, for a total nominal value of Euro 750 million. The bond, with an issue price of Euro
99.002, has a 7-year maturity and will pay a fixed annual coupon of 2.50%. The bond settlement
date was 9 April 2015. The bond has been admitted to the Luxembourg Stock Exchange and is
traded on the related regulated market.
Redemption of bond issued in 2010, repayment of Term Loan Facility 2011 and cancellation
of Revolving Credit Facility 2011:
Prysmian has used the above bond issue proceeds to redeem
the Euro 400 million Eurobond that matured on 9 April 2015 and to repay early the Term Loan
Facility 2011 for Euro 400 million.
For the purpose of further optimising finance costs and in view of
the Group's current financial strength, abundant availability of liquidity and undrawn credit lines, it is
also decided to cancel the Revolving Credit Facility 2011 for Euro 400 million
.