VINCI Announces Tap Issue for Convertible Bonds

VINCI has launched a tap issue of non-dilutive convertible bonds, increasing the nominal amount by €125 million, with a possibility to extend to €150 million. This issuance mirrors the terms of the €400 million bonds due in February 2030, integrating seamlessly upon their settlement on May 6, 2025. The transaction maintains non-dilutive status through the concurrent acquisition of call options on VINCI shares.

Targeted at institutional investors, the issue price will range from 106.450% to 106.950% of the nominal value, adjusted based on the average daily volume-weighted stock prices on Euronext Paris. The net proceeds will finance general corporate activities and the purchase of new options. This offering excludes retail investors, focusing solely on qualified entities.