Boulogne-Billancourt, 7 December 2011 –
Vallourec, world leader in premium tubular solutions, today successfully
launched an inaugural € 650 million bond issue, maturing in February 2017, with
an annual coupon of 4.25%.
The bond issue will be used for the general
financing purposes of the Group, enabling Vallourec to increase its financial
flexibility, lengthen the maturity of its debt profile and diversify its financial
The success of this issue with investors
confirms the confidence of the market in the creditworthiness of the Group.
Vallourec was recently assigned ‘BBB+ / A-2’ long and short termratings with
stable outlook by Standard & Poor’s.
The joint lead managers of the bond issue were
BNP Paribas, Crédit Agricole Corporate &Investment Bank, JP Morgan
Securities Ltd., Natixis and Société Générale.