ASF successfully issued a 10-year €850 million bond

24 August 2022 - 6:45 pm - Finances - France

ASF (Autoroutes du Sud de la France) has successfully issued a €850 million bond due to mature in September 2032 and carrying an annual coupon of 2.75%.

With an oversubscription ratio of 2.5x, the bond issue has been very well received among investors, reflecting the market’s trust in company’s credit ratings (Standard & Poor’s: A-, stable outlook, Moody’s: A3, stable outlook).

Performed under its EMTN programme, this issue enables ASF to extend its average debt maturity in good conditions, despite a volatile market environment.

The joint bookrunners for the deal were BNP Paribas and Natixis (Global Coordinators), BBVA, CIC, HSBC, SMBC, Standard Chartered and Unicredit.

 

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