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Rueil-Malmaison, Hauts de Seine, France, 2013/01/11 - VINCI announces the successful placement by Autoroutes du Sud de la France (ASF) of a €700 million bond issue maturing in January 2023, with an annual coupon of 2.875% - VINCI.com. CAC 40; Euronext 100
The issue, which was completed as part of ASF’s EMTN programme, was very well received by investors (being more than 6 times oversubscribed by nearly 300 subscribers), thus confirming their confidence in the company’s credit quality, rated BBB+ by Standard & Poor’s and Baa1 by Moody’s, with a stable outlook.
The issue is intended to refinance ASF’s existing debt and enables the Company’s average debt maturity to be lengthened.
The lead managers were BBVA, Barclays, ING, Mitsubishi UFJ Securities International, Société Générale Corporate and Investment Banking and UniCredit.
VINCI (vinci.com) is the world leader in concessions and construction, employing close to 183,000 people in some 100 countries. We design, build, finance and manage facilities that improve everyday life: the systems that transport us, the public and private buildings in which we live and work, the urban developments that create and improve our communities, and the water, energy and communication networks vital to human existence.
As a private sector company contributing to the development of society, VINCI successfully blends a business focus on today’s priorities with the long-term sustainability of its accomplishments and integrated concessions-construction business model.