Capital/Financing Update • Mar 4, 2015
Capital/Financing Update
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Vilmorin & Cie SA Public limited company with Board of Directors, with a capital of 317 717 005.50 Euros Head Office: 4, Quai de la Mégisserie – F-75001 PARIS SIREN Paris 377 913 728 Fiscal year from July 1st to June 30th Euronext Paris (Compartment A) – Eligible for Deferred Settlement Order Indices: CAC Mid & Small, CAC All-Tradable, CAC All Share
March 4, 2015
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), can be consulted on the AMF website, and that of Vilmorin & Cie: www.vilmorin.info.
This operation was achieved in collaboration with BNP Paribas, who intervened as coordinator and bookrunner.
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.
COMING DISCLOSURES
Monday April 27, 2015(1): sales at the end of the third quarter
Wednesday July 29, 2015(1): sales for the fiscal year
Monday October 5, 2015(1): results for the fiscal year
(1) at the end of trading on the Paris stock market
Vilmorin & Cie develops vegetable and field seeds with high added value to better meet global food requirements.
Accompanied by its reference shareholder, Limagrain, an international agricultural co-operative group, Vilmorin & Cie is currently the fourth largest seed company in the world.
True to its vision of sustainable development, Vilmorin & Cie relies on ongoing investments in research and international growth to strengthen its market shares. An ambition that is driven by its corporate culture which is based on the sharing of knowledge, quality of life and respect for the needs of mankind.
Chief Financial Officer Head of Financial Communication [email protected] and Investor Relations
Tel: + 33 (0)4 73 63 44 85 Fax: + 33 (0)4 73 63 41 80 Website: www.vilmorin.info
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