Vallourec, world leader in premium tubular solutions, has successfully launched an inaugural EUR 650 million bond issue, maturing in February 2017, with an annual coupon of 4.25%.

The bond issue will be used for the general financing purposes of the Group, enabling Vallourec to increase its financial flexibility, lengthen the maturity of its debt profile and diversify its financial resources.

The success of this issue with investors confirms the confidence of the market in the creditworthiness of the Group. Vallourec was recently assigned 'BBB+ / A-2' long and short term ratings with stable outlook by Standard & Poor's.

The joint lead managers of the bond issue were BNP Paribas, Credit Agricole Corporate & Investment Bank, JP Morgan Securities Limited, Natixis and Societe Generale.