Thales €500m 0% bond due 2022
Liquidity management and financial flexibility
Key terms
- Borrower or issuer
- Thales
- Date
- 21 May 2019
- Type
- Bond
- Amount
- €500m (US$560m)
- Pricing
- 0% (negative yield)
- Maturity
- 2022
Recorded terms
- Structure
- Fixed-rate bond
- Country
- France
Parties
- Thales borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 1 May 2019 | Textron US$300m 3.900% notes due 2029 | Bond | US$300m |
| 13 Feb 2019 | TransDigm US$550m 7.50% senior subordinated notes due 2027 | Bond | US$550m |
| 23 Sep 2019 | Triumph Group US$525m 6.250% senior secured notes due 2024 | Bond | US$525m |
| 13 Nov 2019 | L3Harris US$400m 2.900% notes due 2029 | Bond | US$400m |
| 13 Nov 2019 | TransDigm US$2.65bn 5.50% senior subordinated notes due 2027 | Bond | US$2.65bn |
More from Thales
| Date | Financing | Type | Amount |
|---|---|---|---|
| 20 Aug 2026 | Thales €1bn bond to finance the Exail acquisition | Bond | €1bn |
| Oct 2023 | Thales €1.2bn bonds due 2028 and 2031 | Bond | €1.2bn |
| Jun 2023 | Thales €500m 3.625% bond due 2029 | Bond | €500m |
| 19 Nov 2020 | Thales €500m 0% bond due 2026 | Bond | €500m |
| 7 May 2020 | Thales €700m 1% bond due 2028 | Bond | €700m |
| Apr 2018 | Thales €1bn bond financing the Gemalto acquisition | Acquisition finance | €1bn |
M&A and investment involving Thales
| Date | Deal | Type | Value |
|---|---|---|---|
| 23 Oct 2025 | Airbus, Thales and Leonardo space business combination (Project Bromo) | JV / capital partnership Announced | Not disclosed |
Sources
- Thales press release filed with the AMF echanges.dila.gouv.fr · 21 May 2019
About this record
Record DEF-2019-0005, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
