Nexans on the road for second high yield issue

10 Dec 2012

Nexans, the French cable manufacturer, began a roadshow in Paris today for what could be its second high yield bond issue.

BNP Paribas, Crédit Agricole and Société Générale are arranging the tour, which will visit London tomorrow. Nexans is rated BB by Standard & Poor’s, having been downgraded in late September because of weakening credit metrics.

The Paris-listed company had €7bn of sales in 2011 and has an industrial presence ...

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