ISIN.net update courtesy of Reuters -Following are terms and conditions of a bond priced on Tuesday.
Borrower: Societe Des Autoroutes Paris-Rhin-Rhone
**** Tranche 1
Issue Amount: 700 million Euro
Maturity Date: January 15, 2021
Coupon: 1.125 pct
Reoffer price: 99.611
Yield: 1.91 pct
Spread: 63 basis points
Underlying govt bond Over the midswaps, Equivalent to 94.2 bp
Over the 2.5 pct January 2021 DBR
ISIN FR0012300820
**** Tranche 2
Issue Amount: 700 million Euro
Maturity Date: January 15, 2025
Coupon: 1.875 pct
Reoffer price: 99.499
Yield: 1.93 pct
Spread: 88 basis points
Underlying govt bond Over the midswaps, Equivalent to 111.6 bp
Over the 1.0 pct August 2024 DBR
ISIN FR0012300812
**** Common Terms
Payment Date: November 17, 2014
Lead Manager(s) BBVA, Llouds, Mediobanca, MUFG, Natixis & ING
Ratings: BBB+ (Moody’s)
Listing Lux
Full fees Undisclosed
Denoms (K) 100
Governing Law: French
Société des Autoroutes Paris-Rhin-Rhône, together with its subsidiaries, builds and operates toll motorways and other structures under license from the French government. The company operates a network of 2,282 kilometers of motorways under concession agreements. Its network consists of the Paris-Lyon route, Burgundy-Northern Europe route, Alpine motorways in the Rhône-Alpes region, and motorways in central France. The company’s network has 175 rest areas and 97 service areas equipped with parking spaces and toilets. It also operates hotels in 17 service areas, shops, outlets selling regional produce, and ATMs; and provides services, such as compressed air for tyres, waste-removal pumps for caravans, relaxation trails, art exhibitions, play areas, and picnic areas. In addition, the company offers traffic flow management and information using a range of media, including variable message signs, route guidance by the mesh network, FM 107.7 radio station, the company’s Website, information panels at sections undergoing road works, speed regulation tests, and communication of travel time information. The company was founded in 1961 and is based in Saint Apollinaire, France. Société des Autoroutes Paris-Rhin-Rhône is a subsidiary of Eiffarie SAS.