Vinci: successful bond issue for Cofiroute
(CercleFinance.com) - Vinci announces the successful placement by Cofiroute of a €650 million bond issue maturing in March 2033, with an annual coupon of 3.
125%.
The transaction, which was 2.8 times oversubscribed, confirms market confidence in the credit quality of the company, rated A- by Standard & Poor's with a stable outlook.
This issue will enable Cofiroute to extend the average maturity of its debt under good conditions, given the current market environment.
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