VINCI successfully places a tap issue of non-dilutive
From GlobeNewswire: 2025-04-28 15:18:00
VINCI successfully places a tap issue of non-dilutive convertible bonds for €150 million to be fully assimilated to its €400 million non-dilutive convertible bonds due February 2030. The New Bonds are issued on the same terms as the Original Bonds and will be fully fungible with them. The net proceeds will be used for general corporate purposes and the purchase of hedging options. The issue price of the New Bonds is 106.45% of their nominal value, with the final price to be announced on April 30, 2025. Settlement and delivery are expected on May 6, 2025. Natixis, J.P. Morgan SE, and ING Bank NV are involved in the offering. The New Bonds are offered through a private placement to institutional investors only. No prospectus will be prepared. An application for listing on Euronext Access will be made. This information is not a subscription offer, and the offering does not constitute a public offering in any country.
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