Altarea has placed a new bond issue with a nominal value of €300 million maturing in 7 years (October 2, 2031), with an annual coupon of 5.50%.
" This issue is part of the Group's financing strategy aimed at consolidating its liquidity position and extending the duration of its debt, thereby strengthening its long-term credit profile", states a press release.
The bonds are due to be issued on Euronext Paris on October 2, 2024.
BNP Paribas, CIC, Crédit Agricole CIB, La Banque Postale, Natixis and Société Générale CIB acted as Joint Lead Managers on this issue.