(Boursier.com) — vinci announces the successful placement of a €650 million bond issue maturing in October 2032, with an annual coupon of 3.375%.
This operation, oversubscribed 2.5 times, received a very positive reception from investors, confirming their confidence in the credit quality of the company rated A- by Standard & Poor’s with a stable outlook, and A3 by Moody’s with a stable outlook.
Carried out as part of its EMTN program, this issue allows Vinci to extend the average maturity of its debt (6.9 years at June 30, 2022) under good conditions given the current credit market situation.
The Bookrunners of the operation are: CACIB and Société Générale (Global Coordinators), Barclays, Commerzbank, Mizuho, NatWest Markets and RBC CM.
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