VINCI successfully issues a €500 million 3-year floating rate note
10 April 2013 - Finances
VINCI announces the successful placement of a €500 million floating rate note maturing in April 2016, with a coupon of 3-month Euribor plus 58 basis points.
The issue, which was completed as part of VINCI’s EMTN programme, was very well received by investors (being more than 3 times oversubscribed by over 150 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 lead managers were Commerzbank, Natixis, RBCCM, RBS and SMBC NIKKO.
VINCI is a global player in concessions, energy and construction businesses, employing more than 260,000 people in nearly 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.