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Gecina places €500M bond issue, plans redemption of 3 outstanding bonds

Gecina placed a €500 million bond issue due January 2029and is launching a redemption offer for three outstanding public bond issues.

The 12.3-year bond issue was more than 2x oversubscribed andhas a 1.0% coupon.

The redemption offer, set to close Oct. 3, comprises a €650million bond issue due January 2019 with a 4.75% coupon, a €500 million bondissue due July 2021 with a 1.75% coupon, and a €300 million bond issue due May2023 with a 2.875% coupon.

CM-CIC, Goldman Sachs, HSBC, JP Morgan, Mediobanca andSociété Générale were the book runners for the bond issue.

The book runners for the redemption offer, meanwhile, areBNP Paribas, Goldman Sachs, HSBC and Société Générale, with Goldman Sachs actingas the structuring adviser.