EN Bouygues SA

Bouygues successfully completes €1 billion bond issue

Bouygues successfully completes €1 billion bond issue

Press release 

Paris, 30/05/2023

BOUYGUES SUCCESSFULLY COMPLETES €1 BILLION BOND ISSUE

Bouygues announces the successful placement of its bond issue for an amount of €1 billion with a maturity of 8 years (17 July 2031), bearing a coupon of 3.875%.

The economic cost for the Group, after factoring in pre-hedging, comes to slightly below 1.95%.

This bond issue has been carried out to meet the general refinancing requirements of the Group.

The strong demand for the bond issue from investors confirms the market's confidence in the Group's creditworthiness. Bouygues is rated A3, stable outlook by Moody's and A-, negative outlook by Standard & Poor's.

ABOUT BOUYGUES

Bouygues is a diversified services group operating in over 80 countries with 196,000 employees all working to make life better every day. Its business activities in construction (Bouygues Construction, Bouygues Immobilier, Colas); energies & services (Equans), media (TF1) and telecoms (Bouygues Telecom) are able to drive growth since they all satisfy constantly changing and essential needs.

INVESTORS AND ANALYSTS CONTACT:

• Tel.: +33 (0)1 44 20 12 29

PRESS CONTACT:

• Tel.: +33 (0)1 44 20 12 01

BOUYGUES SA • 32 avenue Hoche • 75378 Paris CEDEX 08 •         

 

Attachment



EN
30/05/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Bouygues SA

Russell Waller
  • Russell Waller

Altice France equity (Neutral, TP: €10.3, -14%) Altice France bonds (E...

New Altice France debt and equity is now trading. Given the material change in bond terms, and the creation of a new separately traded equity piece, we reassess our rating, and think that at these levels the bonds look pretty fairly valued, and so take the bond rating to Equal weight from Overweight (the old bonds ended up +20% from the lows), and initiate on the equity with a Neutral, as we think that the equity is already implying a high probability of a deal happening, and see minimal underli...

Stephane Beyazian ... (+2)
  • Stephane Beyazian
  • Sven Edelfelt
Stephane Beyazian ... (+2)
  • Stephane Beyazian
  • Sven Edelfelt

ResearchPool Subscriptions

Get the most out of your insights

Get in touch