Autoroutes du Sud de la France

Rating: Baa1/BBB+

Amount: Eu1.5bn

Maturity: 4 July 2022

Issue/re-offer price: 99.702

Coupon: 5.625%

Spread at re-offer: 66bp over mid-swaps, 101.5bp over 2017 Bund

Launch date: Wednesday 20 June

Payment date: 4 July

Lead mgr: BNPP, Calyon, Natixis, RBS, SG

Bookrunner’s comment:

Autoroutes du Sud de la France (ASF) came to the market this week with their inaugural euro ...