By Lisa Kerner
Charlotte, N.C., May 12 - Eramet Group announced it issued a €50 million 12-year bond with a 5.29% coupon in a private placement on April 22.
The placement helps diversify Eramet's financing sources, according to a company news release.
In addition, Eramet sold a €125 million public bond with a 4.5% annual coupon that matures Nov. 6, 2020. The principal total amount of the bond is €525 million. Joint bookrunners were BNP Paribas, Natixis and Société Générale.
Eramet is a Paris-based mining and metallurgical global producer of alloying metals.
| Issuer: | Eramet Group
|
| Issue: | Bond
|
| Amount: | €50 million bond
|
| Coupon: | 5.29%
|
| Maturity: | 12 years
|
| Distribution: | Private placement
|
| Settlement: | April 22
|
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