COFIROUTE Makes History with Major €650 Million Bond Issuance
COFIROUTE Makes History with Major €650 Million Bond Issuance
COFIROUTE has achieved a significant milestone by issuing an €650 million bond, with a maturity designed for the year 2033. This bond carries an attractive annual coupon of 3.125%, which showcases the company’s commitment to financial viability and market confidence.
Market Response and Oversubscription
With a remarkable oversubscription ratio of 2.8 times, this bond issue is a testament to the robust trust investors have in COFIROUTE’s creditworthiness. Ratings from Standard & Poor’s have pegged the company at an A- with a stable outlook, indicating a sound investment opportunity amidst fluctuating market conditions.
Enhancing Financial Strategies
This successful issuance is part of COFIROUTE's EMTN programme, which is crucial in extending the maturity of its debt profile under favorable terms. In challenging credit market landscapes, such strategic financial planning stands to enhance the company's stability and growth.
Collaborative Efforts Behind the Bond Issuance
The execution of this bond offering was made possible through the dedicated efforts of leading financial institutions. Joint bookrunners for this transaction included Crédit Agricole CIB and Société Générale, who acted as Global Coordinators alongside other reputable banks like BBVA, CIC, HSBC, IMI-Intesa Sanpaolo, SMBC, Standard Chartered, and UniCredit. The collaboration reflects a strong network of partners that support COFIROUTE's strategic financing goals.
About VINCI and Its Commitment
VINCI plays a pivotal role in the global landscape of concessions, energy, and construction sectors, employing around 285,000 individuals across more than 120 nations. Their mission transcends mere construction, as they focus on designing, financing, building, and operating infrastructure that enriches daily life and enhances mobility.
Values and Corporate Responsibility
The company is firmly dedicated to not just achieving financial and economic success but also to acting in a socially responsible manner. VINCI is committed to engaging with its stakeholders to foster collaborative relationships that lead to sustainable development and long-term value creation for customers, shareholders, employees, and society at large.
Contact Information
Those interested in finding out more about COFIROUTE and its latest ventures can reach out to the VINCI Press Department. For inquiries, please contact:
VINCI Press Department
Tel: +33 (0)1 57 98 62 88
Email: media.relations@vinci.com
Frequently Asked Questions
What was the amount of the bond issued by COFIROUTE?
COFIROUTE successfully issued a bond worth €650 million.
When is the bond due to mature?
The bond is set to mature in March 2033.
What is the annual coupon on the bond?
The bond carries an annual coupon rate of 3.125%.
How many times was the bond oversubscribed?
The bond was oversubscribed by 2.8 times, indicating strong market interest.
Who were the joint bookrunners for this bond issuance?
The joint bookrunners included Crédit Agricole CIB, Société Générale, and several other banks.
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