ASF successfully issues a €1 billion 12-year bond

11 January 2018 - 8:30 am - Finances

ASF (Autoroutes du Sud de la France) has successfully issued a €1 billion bond due to mature in January 2030 and carrying an annual coupon of 1.375 %.

The bond was 1.5 times oversubscribed, confirming investor confidence in ASF's credit quality. The company is rated A- by Standard & Poor's and A3 by Moody's, with stable outlook.

The issue forms part of ASF's EMTN programme and is intended to refinance ASF's existing debt. It enables the company to take advantage of excellent market conditions in order to continue optimising the cost of its debt and extend its average maturity.

The joint bookrunners for the deal were: BNP Paribas, Deutsche Bank, Mizuho, Natixis, NatWest Markets, and SMBC Nikko.

 

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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.