Gecina: successfully places bond issue

(CercleFinance.com) - Gecina has announced that it has successfully placed a bond loan of 500 million euros, maturing in 15 years' time (in May 2034) offering a coupon of 1.
625%, with a top-tier base of pan-European investors, confirming the market's confidence in Gecina's credit rating.

Gecina has also launched a tender offer, which will close on June 3, 2019, on three of its outstanding series of notes that will mature in four years' time on average, with an average coupon of 2,15%.

"These operations will enable the Group to once again extend the average maturity of its debt, under favorable financial conditions, and to continue building an optimal credit schedule,” the company said.


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