Vallourec successfully launched a EUR 500M bond issue, maturing in September 2024, with an annual coupon of 2.25%.
The bond proceeds will be used for the general financing purposes of the group, enabling Vallourec to increase its financial flexibility and lengthen the maturity of its debt profile.
This 10-year bond issue is rated BBB by Standard & Poor’s and would be listed on Euronext Paris.
