Archives: borrowing prospectus programs

One of the pillars of the group’s financial health is its ability to diversify its funding sources: syndicated credit facility, European Investment Bank loan, Euro Medium-Term Note program (EMTN) to issue bonds in various currencies for various maturities, commercial paper program, other short-term programs to raise additional resources.

Medium and long-term borrowings: the EMTN program

On August 29th, 2013, the group announced a tender offer on AREVA notes maturing in 2016 and 2017. This offer ended on September 5, 2013.

AREVA launched on August 29, 2013 a 500 million euros bond issue due on September 4, 2020 (7-year maturity) with an annual coupon of 3.25%.

The demand rapidly reached an amount of 3.5 billion euros, leading to the anticipated closure of the order book. This success shows the confidence of investors in AREVA’s strategy and outlook.

This bond issue completes the previous bond issues carried out since 2009, for a total amount of 4.65 billion euros, which are due in 2016, 2017, 2019, 2021 and 2024.

BNP Paribas, HSBC, and Mitsubishi UFJ acted as global coordinators for this bond issue, along with Barclays, Credit Mutuel, GS, Santander and UniCredit as bookrunners.

This operation contributes to strengthening the financing scheme of the group by spreading the amounts of notes by due date.

On October 23, 2009, AREVA launched and priced successfully a 750 million euros bond issue due on November 6, 2019 (10-year maturity) with an annual coupon of 4.375%.

On September 11, 2009, AREVA successfully launched its first bond issue for a total of 2.25 billion euros, including a 7-year tranche for 1.25 billion euros maturing in September 2016 (annual coupon 3.875%) and a 15-year tranche for 1 billion euros maturing in September 2024 (annual coupon: 4.875%).

Summary of bond issues

Issue dateMaturityResidual AmountAnnual Coupon

March 12, 2014

9 years

750 million euros

3.125 %

September 4, 2013

7 years

500 million euros

3.25  %

September 28, 2011
(+employer’s contribution of 2012)

6 years

800 million euros

4.625 %

September 8, 2010

10 years

750 million euros

3.5 %

October 23, 2009

10 years

750 million euros

4.375 %

September 11, 2009

15 years

1 000 million euros

4.875 %

Septembre 11, 2009

7 years

975 million euros

3.875 %

Medium and long-term borrowings: private placement

AREVA raised on September 5, 2013 JPY 8 billion through a private placement, due on September 2018.

AREVA raised on March 21, 2012 200 million euros through a 10-year private placement towards three French institutional investors, due on March 22, 2022.

Short term borrowings, commercial paper program

AREVA has access to short-term resources as part of a 1 billion euros commercial paper program.

Back-up lines of credit with Banks

The group also has a 1 250 million euro confirmed credit facility maturing in 2018 and 50 million euros in confirmed bank credit lines maturing in 2016 and 795 million euros maturing in 2017.

2016 Reference document