Gecina successfully raises €400m on the bond market, with an average maturity of 10.1 years and an average yield of 0.47%
Gecina 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.
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