Gecina has finalized the bond tender offer launched on September 23, 2016 for three outstanding bond issues:

  • A 650 million euro bond issue maturing in January 2019, with a 4.75% coupon
  • A 500 million euro bond issue maturing in July 2021, with a 1.75% coupon
  • A 300 million euro bond issue maturing in May 2023, with a 2.875% coupon

The nominal amount tendered for the offer came to 515 million euros, with an average take-up rate of 36% across all the bond issues. This take-up rate was 30% for the bonds maturing in 2019, 53% for the 2021 bonds and 19% for the 2023 bonds.

This operation, combined with the placement of the bond issue maturing in 12.3 years with a 1.0% coupon issued on September 23, 2016, is in line with the Group's financing strategy, contributing towards extending the average maturity of its debt and reducing its cost over the long term.

BNP Paribas, Goldman Sachs, HSBC and Société Générale were the bookrunners, with Goldman Sachs as the Structuring Advisor.

Gecina SA published this content on 03 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 October 2016 16:22:01 UTC.

Original documenthttp://www.gecina.fr/en/media/news/finalization-bond-tender-offer.html

Public permalinkhttp://www.publicnow.com/view/E36BFB3AD3778563883DF07C1666F448629CEEC8