Aktuelles

VINCI’s issue of a €750 million bond meets with great success

8. 12. 2011 - Finanzen

VINCI today launched a €750 million bond issue maturing in February 2017 with an annual coupon of 4.125%, as part of its EMTN programme.

The operation was 7 times oversubscribed and met with great success from investors (with about 400 European subscribers) despite the financial markets’ current volatility.
This success reflects investors’ confidence and support for VINCI, its business model based on the synergy between the contracting and concessions businesses, its financial strength and its credit quality, illustrated by its ratings of BBB+ (Standard & Poor’s) and Baa1 (Moody's) with outlook stable.

After having renewed its bank credit facilities for €4 billion last June for five years and made a placement of CHF200 million in November, VINCI is approaching the refinancing of its 2012 and 2013 maturities, already substantially under way, with confidence.

After those operations, the average maturity of the Group’s gross debt is close to 6 years.

The lead managers of this issue were Banco Bilbao Vizcaya Argentaria SA, BNP Paribas SA, Crédit Agricole CIB, Natixis, Royal Bank of Scotland Group Plc, Société Générale SA and UniCredit SpA.