Capgemini greenshoe exercised, raising convertibles to €437 million

New York, June 21 - Capgemini SA said the underwriters of its recent offering of convertible bonds in the Oceanes structure exercised the €57 million over-allotment option in full, raising the size of the deal to €437 million.

The Paris-based consulting and outsourcing company originally priced €380 million of the securities after the market closed on June 16 to yield 2.875% with a 40.05% initial conversion premium.

BNP Paribas, JPMorgan, Lazard-IXIS and SG Corporate and Investment Banking were joint bookrunners for the Regulation S sale.

Capgemini said the offering was part of its strategy of diversifying its sources of financing and allows it to take advantage of "favorable market conditions in order to optimize its financing cost and extend the average maturity of its debt."

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