Atlas Arteria (ASX:ALX) said APRR priced 500 million euros of bonds under its euro medium-term note program, set to mature on Jan. 20, 2032, according to a Friday filing with the Australian bourse.
The company owns a 30.8% stake in APRR, integrating it into the company's French toll road portfolio, per the filing.
The bonds, priced on Thursday at 99.366% of par with a 3.125% coupon, carry a yield to maturity of 3.243%, representing a margin of 63 basis points over mid-rate swaps, the filing said.
The proceeds are intended for general corporate purposes at APRR, the filing added.