OREANDA-NEWS. VINCI announces the successful placement by its subsidiary COFIROUTE of a €750 million bond issue, maturing in October 2027 with an annual coupon of 1.125%.

The issue was around 2,5 times oversubscribed, confirming investor confidence in the company's credit quality, rated A- by Standard & Poor's, with stable outlook.

The issue, part of the EMTN programme, is intended to refinance COFIROUTE's general purposes. It enables the company to take advantage of very good market conditions to continue to optimise the cost of its debt and lengthen its average debt maturity.

The joint book-runners of this transaction were CA-CIB, BBVA, HSBC, MUFG and UNICREDIT.

COFIROUTE is one of the leading operators of the French motorway network under concession. Its 1,100km inter-city network serves the Western and Southern regions of France starting from the Greater Paris area, through the A10, A11, A71, A81, A28 and A85 motorways. The company also operates the 10km long A86 DUPLEX, which connects Rueil-Malmaison and Versailles in the innermost suburbs of Paris. Since its creation in 1970, COFIROUTE, partner of the French State (the grantor) has emerged as a key player in sustainable mobility supporting urban development, security and quality of service. COFIROUTE welcomes close to 400,000 users every day on its network, its 46 service areas and its 69 rest areas