ASF successfully issues a €600 million 10-year bond

10 January 2014 - 6:30 pm - Finances

VINCI announces the successful placement by ASF (Autoroutes du Sud de la France) of a €600 million bond issue maturing in January 2024, with an annual coupon of 2.95%.

The issue was approximately 4 times oversubscribed, thus confirming investors’ confidence in the company’s credit quality, rated BBB+ by Standard & Poor’s and Baa1 by Moody’s, with a stable outlook.

Completed as part of the company’s EMTN programme, the issue is intended to refinance ASF’s existing debt and enables the company’s average debt maturity to be lengthened.

The lead managers were Banca IMI, Crédit Agricole CIB, Lloyds Bank, Mizuho, Morgan Stanley, and Santander GBM.

 

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.