tiprankstipranks
Company Announcements

Safran Announces Early Redemption of 2028 Convertible Bonds

Story Highlights
Safran Announces Early Redemption of 2028 Convertible Bonds

SAFRAN SA ( (FR:SAF) ) just unveiled an announcement.

Safran has announced an early redemption of its 2028 OCEANEs convertible bonds, initially due in 2028, to be redeemed at par value on 1 April 2025. Bondholders have until 21 March 2025 to exercise their conversion rights, with 1,933,253 bonds already converted and 2,102,348 still outstanding. This move could impact Safran’s financial strategy and stakeholder interests.

More about SAFRAN SA

Safran is an international high-technology group operating in the aviation, defense, and space markets, focusing on making air transport more environmentally friendly, comfortable, and accessible. With a global presence, Safran employs 100,000 people and achieved sales of 27.3 billion euros in 2024. The company holds leadership positions in its core markets and is committed to research and development to support its environmental priorities. Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices.

YTD Price Performance: 18.61%

Average Trading Volume: 228,496

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €99.44B

See more data about SAF stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App