VINCI’s $1 Billion Bond Offering

Clifford Chance has advised VINCI on the issue of a US$ 1 billion bond, maturing in April 2029 and carrying an annual coupon of 3.750%. White & Case advised the underwriters HSBC and Morgan Stanley,

The offering was made to institutional investors, including in the United States pursuant to Rule 144A.

This first issue in US$ enables VINCI to further diversify its sources of funding and its bond investor base, by accessing the American bond market.

VINCI SA engages in the concessions and contracting businesses worldwide. The company designs, finances, builds, and operates infrastructure and facilities comprising motorway, bridge and tunnel, airport, rail, and stadium facilities.

The Clifford Chance Paris-based team advising VINCI was composed of partner Alex Bafi, counsel Olivier Plessis (Picture), and associates Ryan Bosch and Nicholas Brock, advising on US securities law matters and New York law, and partner Cédric Burford, and counsel Auriane Bijon, advising on matters of French law.

White & Case advised the underwriters with Max Turner (picture), Séverin Robillard, Olga Fedosova and Thierry Nkiliyehe.

Involved fees earner: Alex Bafi – Clifford Chance; Auriane Bijon – Clifford Chance; Ryan Bosch – Clifford Chance; Nicholas Brock – Clifford Chance; Cédric Burford – Clifford Chance; Olivier Plessis – Clifford Chance; Olga Fedosova – White & Case; Thierry Nkiliyehe – White & Case; Séverin Robillard – White & Case; Max Turner – White & Case;

Law Firms: Clifford Chance; White & Case;

Clients: HSBC; Morgan Stanley; Vinci;