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VINCI successfully issues a €750 million eight-year bond

Rueil-Malmaison - 20 March 2012

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VINCI today launched a €750 million bond issue maturing in March 2020 with an annual coupon of 3.375%.

As part of its EMTN programme, this operation met with great success from investors (with about 260 mostly European subscribers) and was 4 times oversubscribed.
This success reflects investors’ continued confidence and support for VINCI, its business model, its financial strength and its credit quality, illustrated by its ratings of BBB+ (Standard & Poor’s) and Baa1 (Moody's) with outlook stable.

After this operation, the weighted average maturity of the gross consolidated debt is around 6.5 years as of the end of March 2012.

Following its public and private issuances between November 2011 and January 2012 for a total amount of more than 1.4 billion Euros, VINCI has now almost completely refinanced its bank debt coming due in 2012 and 2013.

The lead managers of this issue were Crédit Agricole CIB, Crédit Mutuel – CIC, HSBC Holdings Plc, Mizuho International, Natixis and Banco Santander SA.