KLÉPIERRE SUCCESSFULLY PLACES 15-YEAR €500 MILLION BOND AT A 1.625% COUPON
28 Novembre 2017 - 06:22PM
PRESS RELEASE
KLÉPIERRE SUCCESSFULLY PLACES
15-YEAR €500 MILLION BOND AT A 1.625% COUPON
Paris-November 28, 2017
Klépierre, the leading pure player
in shopping mall property in Europe, announces that it successfully
issued today a 15-year, €500 million bond maturing December 13,
2032. The bond was priced at 50 basis points above the swap rate,
the tightest spread ever for a European REIT for a 15-year maturity
or longer. It translates into a coupon of 1.625%.
Oversubscribed 2.4 times, the notes were placed with high-quality,
long-term global investors, notably from Germany (41% of the
allocated book), France (33%) and the UK (18%).
BNP Paribas, Crédit Agricole CIB,
HSBC, ING, Mizuho International and Natwest Market acted as
joint-bookrunners for the new issue.
Also today, Klépierre launched a
cash tender offer for four outstanding bonds:
-
A €500 million bond (of which €309.9 million
currently outstanding) issued by Klépierre SA, maturing in
September 2019 and offering a 2.75% coupon (FR0011321405);
-
A €500 million bond (of which €324.6 million
currently outstanding) issued by Corio N.V., maturing in February
2021 and offering a 3.25% coupon (XS0896119384);
-
A €600 million bond issued by Klépierre SA,
maturing in March 2021 and offering a 4.75% coupon
(FR0011019397);
-
An €85 million bond issued by Corio N.V.,
maturing in December 2022 and offering a 3.516% coupon
(XS0864386825).
The offer period for the tendered
bonds is expected to end on December 6, 2017. Natixis, Natwest
Market and Société Générale CIB are acting as dealer managers in
the tender offer.
These transactions support
Klépierre's financing strategy, which aims to reduce financing
costs while extending the average maturity of its debt.
AGENDA |
|
February
7, 2018
April 24, 2018 |
Full-year 2017 earnings (press release after market
close)
General meeting |
Investor relations contacts |
media
contacts |
Hubert d'AILLIÈRES
+33 (0)1 40 67 51 37 -
hubert.daillieres@klepierre.com
Mengxing ZHANG
+33 (0)1 40 67 53 05 - mengxing.zhang@klepierre.com |
Lorie
LICHTLEN / Stephanie LASNEL, Burson-Marsteller i&e
+33 (0)1 56 03 12 12 - klepierre.media@bm.com |
ABOUT KLÉPIERRE
The leading pure play shopping
center property company in Europe, Klépierre combines development,
property and asset management skills. The company's portfolio is
valued at €23.3 billion at June 30, 2017 and comprises large
shopping centers in 16 countries in Continental Europe which
together host 1.1 billion visitors per year. Klépierre holds a
controlling stake in Steen & Strøm (56.1%), Scandinavia's
number one shopping center owner and manager. Klépierre is a French
REIT (SIIC) listed on Euronext Paris and included in the CAC Next
20, EPRA Euro Zone and GPR 250 indexes. It is also included in
ethical indexes, such as DJSI World and Europe, FTSE4Good, STOXX®
Global ESG Leaders, Euronext Vigeo France 20 and World 120,
and figures in CDP's "A-list". These distinctions underscore the
Group's commitment to a proactive sustainable development policy
and its global leadership in the fight against climate change.
For more information: www.klepierre.com
This press release is on the
Klépierre website: www.klepierre.com
KLÉPIERRE SUCCESSFULLY PLACES
15-YEAR €500 MILLION BOND
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Klépierre via Globenewswire
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