Altareit announces the pricing of its inaugural €350 million bond issue, with a maturity of 7 years and a fixed coupon of 2.875%.

Altareit becomes the first French property developer to issue a public bond. Proceeds will be used to finance general corporate purposes and mainly to refinance existing credit facilities, while increasing Altareit's average debt maturity.

As a reminder, Altareit was assigned by S&P Global an Investment Grade BBB rating with stable outlook, reflecting the rating of its parent company Altarea Cogedim (BBB outlook stable).

The operation was advised by a syndicate of the following banks: BNP Paribas, Crédit Agricole Corporate and Investment Bank, Morgan Stanley, Natixis and Société Générale.

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Altaréa SCA published this content on 26 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 June 2018 10:57:03 UTC