PRESS RELEASE
PARIS, THE 27TH OF JANUARY 2017
SNCF MOBILITES LAUNCHED A SUCCESSFUL EUR 1 BILLION 12-YEAR
BENCHMARK
The French transport services company SNCF Mobilités (rated Aa3/AA-/AA, all stable), totally owned by the
French Republic with an EPIC status, launched a new 12-year benchmark bond for a total amount of EUR 1
billion.
This bond issue represents SNCF Mobilités first benchmark since 2011 and allows the issuer to advance
significantly in its funding program.
After a successful presentation in Paris and a global investor call for international investors, SNCF Mobilités
decided to announce the launch of a new 12-year benchmark, with HSBC, Natixis and Societe Generale CIB
as joint lead managers, on the afternoon of Wednesday the 24th January.
The initial pricing thought was fixed at interpolated OATs (FRTR 11/26 & FRTR 05/30) +35bp area.
Books opened in the morning of the following day. The size and the quality of the order book allowed SNCF
Mobilités to launch a transaction with a benchmark size of EUR 1 billion at a spread of 35bp over the
interpolated OATs curve.
The new issue offered a coupon of 1.5%, had a reoffer price of 99.586% corresponding to a reoffer yield of
1.538%.
Mainly supported by domestic investors (77%), SNCF Mobilités new benchmark attracted also European
institutional accounts, notably from Germany/Austria (7%) and Nordics /UK (6%).
In terms of investors type, the lion’s share was allocated to Asset Managers (42%) and Insurance/ Pensions
Fund (24%), followed by Banks/ Private Banks (18%) and Central Banks/ Official Institutions (16%).
Main terms:
Issuer
Status
Size
Issuer Ratings
Form of the notes
ISIN
Announcement Date
Pricing Date
Settlement Date
Maturity Date
Re-offer Yield
Re-offer Price
Coupon
Listing
Governing Law
Denominations
Clearing
SNCF MOBILITES EPIC
EPIC
EUR 1 000 000 000
Aa3 (Moody’s) / AA- (S&P) / AA (Fitch)
Bearer form NGN, Tefra D
XS1558472129
25 January 2017
26 January 2017
2 Feb 2017 (T+5)
2 Feb 2029
1.538%
99.586%
1.50% Actual/Actual ICMA, following non adjusted
Euronext Paris
English
100K + 100K
Euroclear and Clearstream, Luxembourg
Breakdown by geography
Breakdown by investor type
Germany/
Austria
7%
Southern
Europe
4%
France
77%
Nordics/ UK
6%
Benelux
4%
Other Europe
2%
Insurance/
Pensions
24%
Banks/ Private
Banks
18%
Central Banks/
Official
Institutions
16%
Asset Managers
42%
Consult SNCF Mobilités latest financial results at: http://www.sncf.com/en/meet-sncf/finance/financialdocuments
Financial calendar:
2016 full-year results: March 2, 2017
About SNCF Mobilités
Within SNCF Group, SNCF Mobilités is a global leader in passenger and freight transport services, with
revenue of €29.3 billion in 2015, of which 33% on international markets (including OHL full year). The
company has 200,000 employees, is present in 120 countries, and aims to become the world benchmark for
excellence in mobility and logistics services. SNCF Mobilités has three business units: SNCF Voyageurs
(commuter transport in the Paris region, regional and inter-city public transport, high-speed rail in France
and Europe, and management and development of stations); SNCF Logistics (freight transport and logistics
worldwide); and Keolis (mass transit and public transport in Europe and around the globe). www.sncf.com
About SNCF Group
SNCF is a global leader in passenger and freight transport services, with revenue of
€31.4 billion in 2015, of which 33% on international markets (including OHL full year).
With 260,000 employees in 120 countries, SNCF draws on its foundations in French rail and on its extensive
experience as an architect of transport services. It aims to become the benchmark for mobility and logistics
solutions, both in France and worldwide.
SNCF has five core businesses: SNCF Réseau (management and operation of the French rail network); SNCF
Voyageurs (commuter transport in the Paris region, regional and inter-city public transport, high-speed rail
in France and Europe, and management and development of stations); SNCF Logistics (freight transport and
logistics worldwide); Keolis (mass transit and public transport in Europe and around the globe); and SNCF
Immobilier (management and optimization of SNCF property and land assets). www.sncf.com
SNCF MOBILITES
FINANCE CONTACT:
SNCF GROUP FINANCIAL COMMUNICATION
CONTACT:
SOPHIE BETBEDER BONNIN
Tel: +33 (0)1 85 07 82 90
Mail: [email protected]
AXEL BAVIERE
Tel: +33 (0)1 85 07 82 00
Mobile: +33 (0)6 34 21 25 97
Mail: [email protected]