Technip in Convertible Bond Offering

December 15, 2011

Cleary Gottlieb represented the underwriters in an offering by Technip of bonds that are convertible into and/or exchangeable for new or existing shares of the issuer (known by the French acronym “OCEANEs”). The bonds will bear interest at 0.25% and mature on January 1, 2017. The bonds and the underlying shares are listed on Euronext Paris. The initial offering size was €450 million, which was increased to approximately €500 million following the exercise by the underwriters of their over-allotment option. The offering launched and priced on December 7 and closed on December 15. It consisted of an international private placement and a French public offering. The joint bookrunners and joint lead managers were Barclays Capital, Citigroup, Crédit Agricole Corporate and Investment Bank, HSBC and The Royal Bank of Scotland.

Technip is a world leader in the fields of project management, engineering and construction for the oil and gas industry.