Aktuelles

COFIROUTE successfully issued a €950 million bond at 11 years

6. 05. 2020 - 19:00 - Finanzen - Frankreich

COFIROUTE, a wholly-owned subsidiary of VINCI, has successfully issued a €950 million bond due to mature in May 2031 and carrying an annual coupon of 1%.

The issue, which was around three times oversubscribed, was very positively received by investors, who appreciated the company’s credit quality as shown by its A- rating from Standard & Poor’s, with stable outlook.

The transaction benefited from highly favourable market conditions, much better than those that existed at the start of the pandemic.

The issue took place as part of COFIROUTE’s EMTN programme, and has enabled the company to extend the average maturity of its debt on excellent terms.

The Active Bookrunners were: Natixis, Santander, BBVA, CIC, SMBC Nikko and UniCredit. Nomura was also involved as a Passive Bookrunner.