France defence financing
Thales's bond programme and acquisition financing, and France's SAFE allocation, with terms and primary sources.
Randeep Bubbra | Lawyer | Making defence financeable
10Financings on file
US$7.4bnFunded volume (US$ eq.)
0Investments and M&A
US$1.3bnLargest financing
Largest financing
Thales €1.2bn bonds due 2028 and 2031, Oct 2023.
By type
| Type | Financings | Funded (US$) |
|---|---|---|
| Bond | 8 | US$6.2bn |
| Acquisition finance | 1 | US$1.2bn |
| Government finance | 1 | – |
Banks and lenders named
HSBC (5), BNP Paribas (4), Credit Agricole CIB (4), Societe Generale (4), Commerzbank (4), Natixis (4), Deutsche Bank (3), Santander (3).
Counts are financings on file where the bank or lender is named. All lenders.
Financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 20 Aug 2026 | Thales €1bn bond to finance the Exail acquisition | Bond | €1bn |
| 10 Apr 2026 | SAFE loan to France | Government finance | €15.09bn |
| Oct 2023 | Thales €1.2bn bonds due 2028 and 2031 | Bond | €1.2bn |
| Jun 2023 | Thales €500m 3.625% bond due 2029 | Bond | €500m |
| 19 Nov 2020 | Thales €500m 0% bond due 2026 | Bond | €500m |
| 7 May 2020 | Thales €700m 1% bond due 2028 | Bond | €700m |
| 21 May 2019 | Thales €500m 0% bond due 2022 | Bond | €500m |
| Apr 2018 | Thales €1bn bond financing the Gemalto acquisition | Acquisition finance | €1bn |
| 16 Jan 2018 | Thales €500m 0.75% bond due 2025 | Bond | €500m |
| 31 May 2016 | Thales €600m 0.75% bond due 2023 | Bond | €600m |
Totals are US$ equivalents of funded deals at approximate annual average rates; programme-level and conditional commitments are listed but left out. Records come from public, primary sources. How the register is built.