By Cristal Cody
Tupelo, Miss., April 3 – Vinci SA (A3/A-) priced $1 billion of 3.75% 10-year notes in a debut Rule 144A and Regulation S offering on Wednesday at a spread of Treasuries plus 127 basis points, according to a market source.
Price guidance was in the Treasuries plus 130 bps area, plus or minus 3 bps with initial talk in the 150 bps area.
HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC were the bookrunners.
The Paris-based construction company held fixed income investor calls on Monday.
| Issuer: | Vinci SA
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| Amount: | $1 billion
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| Description: | Notes
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| Maturity: | April 10, 2029
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| Bookrunners: | HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC
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| Coupon: | 3.75%
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| Spread: | Treasuries plus 127 bps
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| Trade date: | April 3
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| Ratings: | Moody’s: A3
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| S&P: A-
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| Distribution: | Rule 144A, Regulation S
|
| Marketing: | Fixed income investor calls
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| Price guidance: | Treasuries plus 130 bps area, plus or minus 3 bps; initial talk at Treasuries plus 150 bps spread area
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