By Tali Rackner
Minneapolis, Nov. 22 Arcour privately placed 417 million of 2.817% project bonds on Tuesday, according to a press release.
The bonds are amortizable over 30 years.
Arcour signed a concession contract with the French state on March 31, 2005, for 65 years, covering the design, finance, build and operation of the A19 motorway section between Artenay and Courtenay, the company said in the release. After eight years of operation, Arcour issued these new bonds.
The debt was subscribed by investors represented by Allianz Global Investors, AXA M Real Estate, La Banque Postale Asset Management and MEAG Munich ERGO AssetManagement GmbH.
Arcour is a subsidiary of Vinci Autoroutes.
| Issuer: | Arcour
|
| Issue: | Project bonds
|
| Amount: | 417 million
|
| Coupon: | 2.817%
|
| Settlement date: | Nov. 21
|
| Distribution: | Private placement
|
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