ARGAN successfully issued a 5-year €500 million bond
04 Novembre 2021 - 06:31PM
ARGAN successfully issued a 5-year €500 million bond
Press release – Thursday 4th
November 2021 –
6.30pm
NOT FOR RELEASE, DISTRIBUTION OR
PUBLICATION IN OR INTO THE UNITED
STATES OF AMERICA, AUSTRALIA, CANADA OR
JAPAN
ARGAN successfully issued
a 5-year€500
million bond
ARGAN today launched a new bond issue for a
total amount €500 million maturing in November 2026 and carrying an
annual coupon of 1.011%.
The success of this issue, with an
oversubscription ratio of 5.4x, demonstrates the confidence of the
markets in ARGAN’s strategy as well as in the credit rating of the
company (S&P: BBB-, stable outlook).
The net proceeds of this issue will be partly
used for the redemption at maturity of the two bonds issued in 2017
at rates of 2.65% and 3.25%, therefore contributing to reducing
ARGAN’s cost of debt. The balance will be used to refinance part of
the company’s secured debt and to finance its growth and general
corporate purposes.
The bonds have been placed with numerous French
and European institutional investors and will be admitted to
trading on Euronext Paris.
J.P. Morgan acted as global coordinator and
bookrunner.
Financial calendar
2021 (Publication of the press release after
closing of the stock exchange)
- 03 January 2022 : Annual revenue
2021
- 19 January 2022 : Annual results
2021
About d’Argan
ARGAN is the only French real estate company
specialising in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES
listed on Euronext.As at 30 September 2021, ARGAN’s portfolio
amounted to 3.3 million sq. meters, comprising approximately 100
warehouses located exclusively in France, valued at €3.7 billion
and generating annual rental income of €162 million. ARGAN is
listed on Compartment A of Euronext Paris (ISIN FR0010481960 - ARG)
and is included in the CAC All-Share and IEIF SIIC France indices.
The company opted for the listed real estate investment companies
(SIICs) tax regime on 01 July 2007.www.argan.fr
Francis Albertinelli – Chief Financial and Administrative
OfficerMarie-Caroline Schwartz – General CounselTel: +33 1 47 47 05
46 E-mail: contact@argan.frwww.argan.fr |
Aude Vayre – Media relationsTel: +33 6 14 64 15
65E-mail: argan@citigatedewerogerson.com |
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WarningsThis press release is for
information purposes only and is not an offer to sell securities or
a solicitation to buy securities in any jurisdiction. The
securities mentioned in this press release have not and will not be
offered through a public offering.This press release is not an
offer for the sale of securities of ARGAN or its subsidiaries in
the United States. ARGAN’s securities may not be offered or sold in
the United States without registration except pursuant to an
exemption from (accordingly with the US Securities Act of 1933, as
amended). The circulation, publication or distribution of this
press release is forbidden in any country where such circulation,
publication or distribution would be unlawful.
- 20211104 - Argan - Success of the issue - English Version
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