ASF successfully issues a €500 million, 10-year bond

31 March 2010 - Finances

ASF (Autoroutes du Sud de la France) has just successfully launched a €500 million, 10-year bond issue, with an annual coupon of 4.125% as part of its EMTN programme.

The lead managers of this issue were BBVA, BNP Paribas and Natixis.

This issue, used to refinance ASF's long-term debt, enables the company's average debt maturity to be lengthened.

This transaction confirms bond investors’ confidence in the credit quality of ASF, rated BBB+ by Standard & Poor’s and Baa1 by Moody’s with a stable outlook.

 

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