EADS issues 15 year - € 500 million Eurobond
Amsterdam, 15 September 2003
EADS (stock exchange symbol: EAD), the world’s second largest aerospace and defence company, raised € 500 million through its second Eurobond transaction under its EMTN programme. The fifteen year Eurobond carries a coupon of 5.50 percent. Bookbuilding was closed on Monday, 15 September.
“We had noticed market interest in long term maturities. This suited us, as we are by nature a company with long term assets and programmes”, said Hans Peter Ring, Chief Financial Officer of EADS, reflecting the company’s objective of lenghthening the maturity profile of its debt.
He added: “EADS’ rating confirmation by S&P on 3 September encouraged us to proceed. We believed such an issue would enhance the liquidity around EADS' name, which is good for us, and good for investors we are delighted by their vote of confi-dence to EADS over a fifteen year maturity”.
EADS has succesfully attracted a top quality book of investors, at historically attractive rates. Following a week of consolidation of stock and bond markets, company management took inves-tor sentiment into consideration in order to offer a solid, high-quality entry in a more exclusive maturity segment. EADS had mandated Citigroup, Commerzbank Securities, HSBC and SG CIB to lead the syndication.
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 with € 29.9 billion in 2002. EADS has a workforce of more than 100,000 and is a market leader in defence technology, commercial aircraft, heli-copters, space, military transport and combat aircraft, as well as related services. It’s family of leading brands includes the com-mercial aircraft manufacturer Airbus, the world's largest heli-copter manufacturer Eurocopter and MBDA, the world’s sec-ond largest missile company. EADS is the biggest partner in the Eurofighter consortium and heads the A400M military transport aircraft programme. The company has over 70 sites in Ger-many, France, Great Britain and Spain. It is active in many re-gions worldwide, including the U.S., Russia and Asia.
Contact:
EADS Investor Relations and Financial Communications
Pierre de Bauset
Tel. : +49 89 607 34 113
Gwenaelle de la Raudiere
Tel. : +33 1 4224 21 04
