Urenco announces bond issue

Urenco Group (“Urenco” or “the Group”), an international supplier of uranium enrichment and nuclear fuel cycle services, has today announced the successful issuance of €500 million 2.375% notes due 2024.

Barclays, BNP Paribas and RBS acted as the joint Lead Managers for the offering.

Urenco intends to use the proceeds of the bond issue for general corporate purposes including the refinancing of existing debt. 

The order book was oversubscribed more than two-fold with investment predominantly from European institutional investors.

Urenco has corporate credit ratings from Standard & Poor’s, Moody’s and Fitch of BBB+ (stable outlook), Baa1 (stable outlook) and A- (negative outlook), respectively.

This is the second bond issued by Urenco this year, and follows the issue of  €750 million 2.50% notes due 2021 in February.

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