Diversified retail real estate investment trust Mercialys placed an eight-year, €300 million bond, maturing in February 2026.

The bond will bear a fixed coupon of 1.80%.

The company will use the proceeds from the placement for general business purposes, including the redemption of a €479.7 million bond issue due March 2019.

BNP Paribas, CM-CIC, Crédit Agricole Corporate and Investment Bank, Deutsche Bank, HSBC, Natixis, NatWest Markets and Société Générale are the book runners on the transaction.