Alcatel-Lucent greenshoe ups 4.25% convertible sale by €81.1 million

By Tali David

Minneapolis, June 27 - Underwriters for Alcatel-Lucent's 4.25% convertible bonds in the Oceane structure exercised their over-allotment option in full, adding an additional €81.1 million of securities, according to a press release

The company priced €547.8 million of the five-year convertibles on June 26.

As previously reported, Deutsche Bank is global coordinator for the offering and is a lead manager and bookrunner, along with Credit Agricole Corporate and Investment Bank and Morgan Stanley.

Proceeds will be used to repay debt, including the company's old convertible bonds.

Paris-based Alcatel-Lucent provides voice, data and video communication services to end-users.

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