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VINCI Announces Tap Issue for Convertible Bonds

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VINCI has launched a tap issue of non-dilutive convertible bonds, increasing the nominal amount by €125 million, with a possibility to extend to €150 million. This issuance mirrors the terms of the €400 million bonds due in February 2030, integrating seamlessly upon their settlement on May 6, 2025. The transaction maintains non-dilutive status through the concurrent acquisition of call options on VINCI shares.

Targeted at institutional investors, the issue price will range from 106.450% to 106.950% of the nominal value, adjusted based on the average daily volume-weighted stock prices on Euronext Paris. The net proceeds will finance general corporate activities and the purchase of new options. This offering excludes retail investors, focusing solely on qualified entities.

R. H.

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