Capgemini successfully places a €500 million bond issue

Publish date:

The transaction, placed with institutional investors following a series of meetings in the main European market places, was three times over-subscribed.

For Nicolas Dufourcq, Deputy General Manager and Chief Financial Officer: “This transaction enables Capgemini to diversify its funding sources by targeting a new category of investors. Despite difficult market conditions, our inaugural issue generated strong demand from investors, demonstrating their interest and confidence in the sector of IT services, which has so far been underrepresented in the euro bond market”.

In accordance with the objectives set by Capgemini on the presentation of its 3rd quarter revenues, this transaction enables the Group to strengthen its financial flexibility and extend the average maturity of its debt. Capgemini thereby anticipates the now likely redemption of its June 2005 issue of bonds convertible/exchangeable into new or existing shares (OCEANE) maturing on January 1, 2012. Furthermore this has been achieved without a significant increase in the interest expense recognized in the Group’s consolidated accounts. Indeed, the OCEANE bond issue – which in case of conversion could lead to the creation of around 12 million shares – generated a €26 million consolidated charge 2010.

In addition, the loan is rated “BBB-” by the international rating agency Standard & Poor’s in the Investment Grade category, with a stable outlook.

BNP Paribas, J.P. Morgan Securities Ltd., HSBC and Société Générale were the lead banks for this bond issue.

Copies of the prospectus concerning the transaction, filed with the French Financial Markets Authority (Autorité des marchés financiers, AMF) on November 25, 2011 under the number n°11-546, may be obtained free of charge from the head office of Cap Gemini. The prospectus may also be consulted on the Capgemini website ( and the AMF website (


This press release and the information contained herein do not constitute an offer to sell or subscribe, nor a solicitation of an order to purchase or subscribe the notes in any country, in particular in the United States. The distribution of this press release may be restricted in some countries and persons in possession of this press release should inform themselves about and comply with any applicable restrictions.

Forward Looking Statements
This press release contains which could be deemed as forward-looking with respect to Capgemini’s financial condition, results of operations, business, strategy or plans. Although Capgemini believes that such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Actual results may differ materially from the forward looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including but not limited to the risks regarding antitrust and regulatory approval as well as the risks described in the documents Capgemini has filed with the Autorité des Marchés Financiers (French securities regulator) and which are also available in English and French on our website ( Investors and security holders may obtain a free copy of the documents filed by Capgemini with the Autorité des Marchés Financiers at, or directly from Capgemini.
The present forward-looking statements are made as of the date of this presentation and Capgemini did not disclaim any intention or obligation to provide, update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.