Vinci: convertible bonds redeemable in cash

(CercleFinance.com) - Vinci announced on Tuesday the launch of a five-year synthetic convertible bond issue redeemable in cash for 375 million euros, an amount that may be increased to 400 million.


The bonds, redeemable in cash only, will have no dilutive impact as they will not give rise to the issue of new or existing shares at the time of their conversion in 2030, the construction and concessions group said in a press release.

The securities, which are to be placed with institutional investors, will bear interest at a nominal rate of between 0.45% and 0.70% per annum, payable semi-annually on August 18 and February 18 of each year, starting on August 18.

The initial conversion price is to show a conversion premium of 20% over the reference price, calculated on the basis of the arithmetic average of the daily volume-weighted average share prices over the period February 12 to 18.

The net proceeds of the issue are intended to finance the company's general corporate purposes, says Vinci in its press release.

Copyright (c) 2025 CercleFinance.com. All rights reserved.