Klépierre: bond issue more than five times oversubscribed

(CercleFinance.com) - Klépierre announced on Friday that its 600 million euro bond issue had been more than five times oversubscribed.


The shopping center specialist points out that this bond, with a maturity of 9.6 years, was closed on the basis of a margin of 130 basis points above the benchmark rate, for a coupon of 3.875%.

Last week, the Group, which has a portfolio valued at some 19.3 billion euros, reported slightly better-than-expected 2023 annual results and an unsurprising outlook, with net current cash flow per share expected to remain stable overall.

After climbing 3% on Thursday and 1.4% on Friday, the share price was down 0.2% on Monday.

Copyright (c) 2024 CercleFinance.com. All rights reserved.