INAUGURAL €350 MILLION BOND ISSUE WITH A 7 YEAR MATURITY FOR ALTAREIT

25 Jun 2018

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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