VINCI successfully issues a €750 million eight-year bond

20 March 2012 - Finances

VINCI today launched a €750 million bond issue maturing in March 2020 with an annual coupon of 3.375%.

As part of its EMTN programme, this operation met with great success from investors (with about 260 mostly European subscribers) and was 4 times oversubscribed.
This success reflects investors’ continued confidence and support for VINCI, its business model, its financial strength and its credit quality, illustrated by its ratings of BBB+ (Standard & Poor’s) and Baa1 (Moody's) with outlook stable.

After this operation, the weighted average maturity of the gross consolidated debt is around 6.5 years as of the end of March 2012.

Following its public and private issuances between November 2011 and January 2012 for a total amount of more than 1.4 billion Euros, VINCI has now almost completely refinanced its bank debt coming due in 2012 and 2013.

The lead managers of this issue were Crédit Agricole CIB, Crédit Mutuel – CIC, HSBC Holdings Plc, Mizuho International, Natixis and Banco Santander SA.

 

About VINCI
VINCI is a global player in concessions, energy and construction, employing 280,000 people in more than 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.