Convertible bond issue for SAFRAN

Natixis acted as Joint Bookrunner for an issuance of €800m of convertible bonds for SAFRAN, leading player in the aero-space and defence industry, manufacturing a wide range of products from engines to guidance systems whilst also providing aftermarket services.

This is the largest convertible bond issuance in France since 2016 and the second largest across Europe in 2020 illustrating the fact that equity markets, both straight and convertible, remain open and that investors are particularly attracted to sector leaders with solid footprints and high quality assets even in one of the most impacted sector.

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