AccorHotels launched an offering of €600 million worth of bonds with an annual coupon of 1.25% over a seven-year term.

The company said that the oversubscribed issuance was launched amid favorable credit market conditions to optimize average funding cost and extend average debt maturity.

BNP Paribas served as the global coordinator and book runner for the offering, while CM-CIC Market Solutions, Commerzbank, Crédit Agricole CIB, MUFG, Natixis and Société Générale Corporate & Investment Banking were the joint lead managers and book runners.