VINCI Offers €150 Million in Non-Dilutive Convertible Bonds

VINCI has announced a successful placement of €150 million in non-dilutive convertible bonds. The bonds, known as "New Bonds," are fully assimilated to the €400 million bonds due in February 2030. Demand from investors led to an increase from the initial €125 million to €150 million. The bonds' non-dilutive nature is ensured by VINCI's purchase of call options on its own shares.

The net proceeds will fund general corporate purposes and the acquisition of these options. The initial issue price is set at 106.45% of nominal value, with a final price to be determined on April 30, 2025. Settlement is scheduled for May 6, 2025.

The bonds are offered via private placement exclusively to institutional investors. Natixis and J.P. Morgan SE coordinated the issuance, aiming for listing on Euronext Access in Paris. No public offering will occur, adhering to restrictions in several regions, including the U.S. and Japan.