VINCI successfully issues a €1.75 billion bond, in two tranches of respectively €0.75 billion at 7 years and €1.0 billion at 12 years
18 September 2018 - 6:15 pm - Finances
VINCI has successfully issued a €1.75 billion bond, divided between a €0.75 billion bond maturing in September 2025 and carrying an annual coupon of 1.00%, and a €1.0 billion bond maturing in September 2030 and carrying a coupon of 1.75%.
The issue was oversubscribed over 3 times despite a volatile market environment, confirming investor confidence in VINCI’s credit quality. The company is rated A- by Standard & Poor's with positive outlook, and A3 by Moody's with stable outlook.
Part of its EMTN programme, this issue will enable VINCI to extend the average maturity of its debt while optimising its cost.
The joint bookrunners for the deal are: CACIB, HSBC (Global Coordinators), CM-CIC, RBC Capital Markets, Santander and UniCredit.
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.