Rueil-Malmaison, 5 April 2017
ASF successfully issues a €500 million 9-year bond
ASF (Autoroutes du Sud de la France) has successfully issued a €500 million bond due to mature in April 2026 and carrying an annual coupon of 1.125 %.
The bond was approximately two 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 finance ASF's general purposes. It enables the company to take advantage of good market conditions in order to continue optimising the cost of its debt and extend its average maturity.
The joint bookrunners for the deal were: Société Générale CIB (Global Coordinator), Banca IMI, CM-CIC, HSBC, and Santander.
About VINCI
VINCI is a global player in concessions and construction, employing close to 185, 000 people in some 100 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, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible 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.
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