Gecina Successfully Raises €400m on the Bond Market, with an Average Maturity of 10.1 Years and an Average Yield of 0.47%
23 Octobre 2020 - 07:12PM
Business Wire
Regulatory News:
Gecina (Paris:GFC) has today successfully raised €400m through
the following two bond issues:
- Reopening the bond issue maturing in June
2027 (remaining maturity of 6.7 years) for €200m, at a yield of
0.08%.
- Reopening the bond issue maturing in May
2034 (remaining maturity of 13.6 years) for €200m, at a yield of
0.86%.
By raising €400m with an average maturity of 10.1 years and a
weighted average yield of 0.47%, the Group is extending the average
maturity of its debt to 7.3 years under favorable conditions,
further strengthening the solidity and flexibility of its balance
sheet. For a maturity of over five years, this is Gecina’s bond
issue with the lowest rate to date.
The offers were widely oversubscribed by a top-tier base of
pan-European investors, confirming the market's confidence in
Gecina's credit rating. Gecina is rated A- / outlook stable by
Standard & Poor’s and A3 / outlook stable by Moody’s.
Crédit Agricole CIB, CIC, IMI – Intesa Sanpaolo, Natixis and
Santander were the bookrunners for this operation.
About Gecina
As a specialist for centrality and uses, Gecina operates
innovative and sustainable living spaces. The Group owns, manages
and develops Europe’s leading office portfolio, with nearly 97%
located in the Paris Region, and a portfolio of residential assets
and student residences, with over 9,000 apartments. These
portfolios are valued at 20 billion euros at end-June 2020.
Gecina has firmly established its focus on innovation and its
human approach at the heart of its strategy to create value and
deliver on its purpose: “Empowering shared human experiences at
the heart of our sustainable spaces”. For our 100,000 clients,
this ambition is supported by our client-centric brand YouFirst. It
is also positioned at the heart of UtilesEnsemble, our label
setting out our commitment to the environment, to people and to the
quality of life in cities.
Gecina is a French real estate investment trust (SIIC) listed on
Euronext Paris, and is part of the SBF 120, CAC Next 20, CAC Large
60, Euronext 100, FTSE4Good, DJSI Europe and World, Stoxx Global
ESG Leaders and Vigeo indices. In 2020, Gecina was awarded the
maximum A rating in the CDP climate change rankings.
www.gecina.fr
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GECINA CONTACTS Financial communications Samuel
Henry-Diesbach Tel: +33 (0)1 40 40 52 22
samuelhenry-diesbach@gecina.fr Virginie Sterling Tel: +33 (0)1 40
40 62 48 virginiesterling@gecina.fr Press relations Julien
Landfried Tel: +33 (0)1 40 40 65 74 julienlandfried@gecina.fr
Armelle Miclo Tel: +33 (0)1 40 40 51 98 armellemiclo@gecina.fr
Gecina Nom (EU:GFC)
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