Alcatel-Lucent seeks to boost finances with stock and bond issue

|By:, SA News Editor

Alcatel-Lucent (ALU) intends to raise around €955M by selling 454.7-460M new shares at €2.10 each as part of a plan to improve its equity.

The telecom equipment maker will also launch a $750M high-yield bond and put in place a €500M new syndicated revolving credit facility.

Shares are -3.6% at €2.86 in Paris. (PR)