Vilmorin & Cie completed a public bond issue for €150 million

On March 4, 2015 Vilmorin & Cie completed a public bond issue for a total of 150 million Euros, through a tap on unrated bonds maturing in May 2021. Following this operation, the total amount of this bond will rise to 450 million Euros, with a coupon of 2.375%.

Vastly oversubscribed, this operation was allocated to various European investors (insurance companies, pension funds, fund managers, etc.), most of them being French, British and Italian.

The price of this new issue, achieved in excellent conditions, (mid-swap +117 bps), corresponds to a funding cost of 1.557%.

The bond will be admitted for trading on the regulated market of Euronext Paris as of March 11 2015 and will be equivalent to the previous issues (ISIN code: FR0011921881). The prospectus concerning this operation, as approved by the French financial markets authority (AMF).
Benefiting from favorable credit market conditions, Vilmorin & Cie is pursuing optimization of its financial resources, after the success of its inaugural public bond issue on May 22, 2014.

Vilmorin & Cie is continuing to diversify its funding sources, prolong the average maturity of its debt, and thus strengthen its financial flexibility for the implementation of its development strategy on the world seeds market.