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Thales Issues €1 Billion Bond in Two Tranches to Finance Exail Acquisition

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Thales issued a €1 billion bond in two tranches on August 20, 2026, to finance its planned acquisition of Exail announced on July 6. The bond funds the purchase directly, backed by investor demand, and was widely subscribed. Thales cited credit quality, holding an A2 (Moody’s) and A- (S&P) rating with stable outlook.

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