Cofiroute Issues €500 Million Bond with Strong Market Confidence

Cofiroute has successfully issued a €500 million bond set to mature in February 2033. The bond carries an annual coupon of 3.875%. The issuance saw a significant oversubscription ratio of 2.6 times, indicating strong market confidence in the company's creditworthiness. Cofiroute's credit rating is endorsed by Standard & Poor’s with an -A grade and a stable outlook.

This bond issuance was conducted under Cofiroute's EMTN programme. It allows the company to extend its average debt maturity under favorable conditions, despite the current credit market environment. The joint bookrunners for this deal included major financial institutions like Crédit Agricole CIB, HSBC, IMI-Intesa Sanpaolo, ING, J.P. Morgan, SMBC, and UniCredit.