Issuance of a Mandatory Exchangeable Bond with an upside exposure mechanism
Paris, April 6, 2006
Lagardère SCA has announced the issue of a Mandatory Exchangeable Bond redeemable in EADS shares, with a mechanism giving exposure up to 115% of the reference price, entirely subscribed by IXIS CIB.
Following the completion of JP Morgan & Morgan Stanley’s market placement (part of a co-ordinated DaimlerChrysler transaction), the Mandatory Exchangeable Bond’s reference price has been set at 32.6 euros.
The Mandatory Exchangeable Bond is pledged by 61.1 millions EADS shares, and represents around €1,990m.
The Lagardère Group is a market leader in the media sector (books, distribution/retailing of cultural products, press and audiovisual). The Group also has interests in the high technology sector via a 14.95% stake in EADS.
The Lagardère Group is listed on the Premier Marché of the Paris Stock Exchange.
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