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Vallourec > en > Finance > Financing of the Group  

Financing of the group 
 

 


To support the development of its projects, finance the group's general requirements and strengthen its financial structure, Vallourec has diversified its financial resources by means of a commercial paper programme, a bond issue, two private debt issues and a syndicated loan.

 

 Short-term borrowings: Commercial paper programme

 

On October 12, 2011 Vallourec implemented a commercial paper programme to address short-term capital needs.

 

Revenue cap's program

1 billion euros

Duration

> 1 day
< 365 days 

Unit amount price 150,000 euros
Currency of issue Euros (€)
Paying agents Crédit Industriel et Commercial
Dealers

Aurel BGC
BNP Paribas

BRED

Crédit Agricole CIB

CM - CIC
Crédit du Nord

GFI
HSBC France

HPC 
ING 
Natixis

Société Générale CIB
Viel Tradition

Short-time rating A-2

Consult the financial presentation of the Commercial Paper Programme (in French) 
 

Consult the outstanding notes under this programme (in French)
 

 Medium and long-term borrowings:

 Bond issues

On December 7, 2011, Vallourec completed a € 650 million bond issue maturing in February 2017 (6-year-maturity) with an annual interest rate of 4.25%.

This loan is listed on the NYSE Euronext stock exchange in Paris. 

Nominal value

100 000 euros

Nomber of bonds issued

6,500

Interest (*) 4.25%
Maturity 14 February 2017
Long-term rating BBB+
 (*) The interest payable on February 14 of each year is equal to 4.25 % of the nominal value of the bond.

Read the press release dated December 7, 2011: "Successful inaugural bond issue for Vallourec"

Consult the full prospectus dated December 12, 2011

 

 Private debt issues issues

 Vallourec has completed two long-term private debt issues for a total amount of € 455 million.

 

The respective amounts and maturities of these two private debt issues are € 400 million over 7 years with an annual coupon of 3.25 % and € 55 million over 15 years with an annual coupon of 4.125 %.

Read the press release dated August 1st, 2012: "Vallourec concludes two private debt issues"

Nominal value

100 000 euros

Nomber of bonds issued

4,000

Interest (*) 3.25%
Maturity 02 August 2019
Long-term rating BBB+
 (*) The interest payable on August 02 of each year is equal to 3.25 % of the nominal value of the bond.


This loan is listed on the NYSE Euronext stock exchange in Paris. 

Consult the full prospectus dated August 1st, 2012

Nominal value

100,000 euros

Nomber of bonds issued

550

Interest (*) 4.125%
Maturity 02 August 2027
 (*) The interest payable on August 02 of each year is equal to 4.125 % of the nominal value of the bond.



 Credit facilities


The Group has a € 1 billion confirmed credit facility signed in February 2011, maturing in February 2016 and various banking lines of around € 600 million which mature between July 2014 and July 2015.


 

 

Contacts

Corporate Treasure and Financing
Tel: +33 (0)1 49 09 35 00
Fax: +33 (0)1 49 09 39 18
E-mail: @vallourec.com