SUCCESS OF THE INAUGURAL €500M 7-YEAR BOND ISSUE

The unrated bond, with a maturity of 7 years, bears a 2.250% coupon. The settlement is scheduled for 5 July 2017. 

Proceeds will be used for general corporate purposes and will strengthen the Group’s financing
structure by lengthening the maturity of its debt. This operation is in line with the Group’s strategy of diversification and disintermediation of its financing resources. 

Alain Taravella, CEO of Altarea Cogedim comments: “the success of this operation demonstrates the investors’ confidence in Altarea Cogedim’s specific business model, as both a property owner and developer, and in the quality of its credit profile”. 

This transaction was led by Natixis and Société Générale Corporate & Investment Banking acting as Global Coordinators, Joint Lead Managers and Joint Bookrunners and by BNP Paribas and Crédit Agricole CIB as Joint Lead Managers and Joint Bookrunner.