VINCI successfully issued a €950 million bond at 10 years
14 January 2019 - 8:30 am - Finances
VINCI has successfully issued a €950 million bond maturing in January 2029 and carrying an annual coupon of 1.625%.
The issue was oversubscribed almost 3 times, 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 enabled VINCI to benefit from the market reopening in order to continue decreasing the cost of its debt and extend its average maturity despite a volatile market environment.
The joint bookrunners for the deal are: BBVA and Natixis (Global Coordinators), Banca IMI, MUFG and Natwest Markets.
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.