EADS Eurobond raises EUR 1 billion
EADS CFO Hans Peter Ring: “We are pleased about this successful placement with a broad European investor base”
Amsterdam, 20 February 2003
EADS (stock exchange symbol: EAD), the world’s second largest aerospace and defence company, raised EUR 1 billion through its first Eurobond transaction. The seven-year Eurobond carries a coupon of 4.625 percent. The bond was substantially oversubscribed and launched on Thursday, 20 February.
The EADS Chief Financial Officer, Hans Peter Ring, said: “We are pleased about this successful placement. The transaction reached a broad European investor base, and its volume has been increased from an initially envisaged amount of EUR 750 million to EUR 1 billion. The oversubscription reflects the investors’ confidence in the credit quality of EADS and in its long term stability.”
The objectives of this initial issue are to refinance existing debt and lengthen the maturity profile of the company’s debt, while benefiting from the currently attractive interest rates.
EADS had mandated Barclays Capital, BNP Paribas and HypoVereinsbank as joint lead managers and bookrunners for the Eurobond deal.
EADS senior long term debt is rated A by S&P and A3 by Moody’s.
About EADS
EADS is a global aerospace and defence company, and is the world’s second largest in terms of revenues, having achieved EUR 29.9 billion in 2002. EADS maintains a workforce of more than 100,000 and is a market leader in defence technologies, commercial aircraft, helicopters, space, military transport and combat aircraft, as well as related services. Its family of leading brands includes the commercial aircraft maker Airbus; Eurocopter, the world's largest helicopter manufacturer; Astrium, the space company and MBDA, the world's second largest missile company. EADS is also the biggest partner in the Eurofighter consortium and heads the A400M military transport aircraft programme. EADS has more than 70 facilities in France, Germany, Spain and the UK. It is active in markets around the world, including the U.S., Russia and Asia.
Contact:
Eckhard Zanger
EADS Communications Finance
Tel +49 89 607 27961
