Gecina successfully carries out a new €500m bond issue with a 12-year maturity and 1.625% coupon

Paris, France, March 7, 2018

Gecina has today successfully placed a €500m bond issue with a 12-year maturity (March 2030) and 63 bp credit spread, offering a 1.625% coupon.

This operation is in line with the Group's financing strategy and will notably be used to repay some of Eurosic's financing facilities with shorter maturities and higher credit spreads. It will help extend the average maturity of debt and achieve the financial synergies announced for the business combination with Eurosic, while securing an attractive cost of financing over the long term.

In a more volatile market environment over the past few weeks, this bond issue was almost two times oversubscribed by a top-tier base of international investors, confirming the market's confidence in Gecina's credit rating.

Gecina is rated BBB+ / outlook positive by Standard & Poor’s and A3 / outlook negative by Moody’s.

 

Not for distribution in the United States, Australia, Canada or Japan. This press release does not constitute an offer of securities in the United States or in any other country. The bonds may not be offered or sold in the United States of America unless they are registered or exempt from registration under the U.S. Securities Act of 1933, as amended. Gecina does not intend to register all or part of the offering in the United States or to conduct a public offering in the United States.

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