Rueil-Malmaison, 21 June 2018
ASF successfully issues a €700 million 10-year bond
ASF (Autoroutes du Sud de la France) has successfully issued a €700 million bond due to mature in June 2028 and carrying an annual coupon of 1.375 %.
The bond was oversubscribed close to 2 times, confirming investor confidence in ASF's credit quality. The company is rated A- by Standard & Poor's with positive outlook, 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 continue optimising the cost of its debt and extend its average maturity in a more volatile market environment.
The joint bookrunners for the deal were: Barclays and Société Générale Corporate & Investment Banking (Global Coordinators), Commerzbank, ING and Morgan Stanley.
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VINCI is a global player in concessions and construction, employing more than 190, 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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