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ASF successfully issues a €700 million 10-year bond

21 June 2018 - 5:45 pm

BackDownload the press release of 06/21/2018 (PDF file, 77 )


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.