Due to mature in October 2032, the bond carries an annual coupon of 3.375% and was two-and-a-half times over-subscribed.
Vinci said the bond will enable it to extend its average debt maturity (6.9 years as at 30 June 2022) “in good conditions considering the current situation of the credit market”.
The joint bookrunners for the deal were CACIB and Société Générale (Global Coordinators), Barclays, Commerzbank, Mizuho, NatWest Markets and RBC.
Vinci has recently scored some major successes in the Americas market, having been chosen as preferred bidder on an electricity transmission deal in Brazil and as a winner on Canada’s Ontario Line rail project.