Atlas Arteria’s APRR Secures €500 Million in Eurobond Issuance

The latest announcement is out from Atlas Arteria ( (AU:ALX) ).

Atlas Arteria announced that its subsidiary APRR has successfully priced €500 million in Eurobonds under its Euro Medium Term Note Programme. The bonds, with a 5.6-year term and a 2.875% coupon, will mature in January 2031, and the proceeds will be used for general corporate purposes. This issuance reflects strong market confidence in APRR and enhances its liquidity position, indicating a positive impact on the company’s financial stability and market standing.

The most recent analyst rating on (AU:ALX) stock is a Hold with a A$5.66 price target. To see the full list of analyst forecasts on Atlas Arteria stock, see the AU:ALX Stock Forecast page.

More about Atlas Arteria

Atlas Arteria is a company that partners to deliver world-class road experiences, focusing on creating long-term value through disciplined management and sustainable practices. The company operates toll road businesses in France, Germany, and the United States, with interests in significant motorway networks and toll roads, including a 30.8% interest in the APRR network in France and full ownership of the Warnow Tunnel in Germany.

YTD Price Performance: 14.45%

Average Trading Volume: 2,321,030

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$7.57B

Learn more about ALX stock on TipRanks’ Stock Analysis page.