Foncière des Régionskicked off an offer to purchase €500.0 million of its notes.

The company said that the cash offer is for any and all of its3.875% notes due January 2018. The notes have an outstanding aggregate principalamount of €500.0 million.

The offer is slated to remain open until May 17, unless extendedor terminated beforehand. The results of the offer are expected to be disclosedMay 18 and the anticipated settlement date is May 20.

The company said it intends to improve its debt maturity profilethrough the offer.