Brief: VINCI launches 500 mln euros bond issue exchangeable for airports company ADP shares

Aeroports De Paris SA

25/02/2026 07:07

Feb 25 (Reuters) - Vinci SGEF.PA:

LAUNCHES AN ISSUE OF BONDS EXCHANGEABLE FOR EXISTING ORDINARY SHARES OF GROUPE ADP DUE 2031 FOR A NOMINAL AMOUNT OF 500 MILLION EUROS

INTENTION TO ISSUE A BOND EXCHANGEABLE FOR GROUPE ADP SHARES

THIS WILL LET VINCI POTENTIALLY MONETIZE A PART OF ITS GROUPE ADP'S STAKE AT A PREMIUM VERSUS REFERENCE PRICE.

INITIAL EXCHANGE PRICE IS EXPECTED TO BE SET AT A PREMIUM BETWEEN 30% AND 35% ABOVE REFERENCE SHARE PRICE

Bonds will have a maturity of 5 years, except in case of early redemption, exchange or purchase and cancellation.

Bonds are expected to carry a coupon between 0.75% and 1.25% per annum, payable semi-annually in arrears on 4 March and 4 September of each year, beginning on 4 September 2026

Source text: ID:nGNE5KR4WF

Further company coverage: SGEF.PA

 (Reporting by Sudip Kar-Gupta)

 ((sudip.kargupta@thomsonreuters.com;))