trending Market Intelligence /marketintelligence/en/news-insights/trending/lU1I8hxLFAVdrmq5OoTUlw2 content esgSubNav
In This List

Gecina logs 36% takeup from €1.45B bonds tender offer

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends


Gecina logs 36% takeup from €1.45B bonds tender offer

Gecina closed the tender offer for three bond issuesworth a combined €1.45 billion, registering an average take-up rate of 36% forall the bond issues.

The nominal amount tendered for the offer came out to €515 million,according to a news release.

The redemption offer was launched in toward the end ofSeptember concurrentwith the placement of a €500 million bond issue due January 2029.

The respective take-up rates for the €650 million bond issuedue January 2019 with a 4.75% coupon, the €500 million bond issue due July 2021with a 1.75% coupon, and the €300 million bond issue due May 2023 with a 2.875%coupon were 30%, 53% and 19%, respectively.

BNP Paribas, Goldman Sachs, HSBC and Société Générale werethe book runners, while Goldman Sachs was also the structuring adviser for theredemption offer.