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Cofinimmo — Capital/Financing Update 2015
Mar 16, 2015
3933_iss_2015-03-16_18ae759f-41e9-4a23-9ee8-b22e7d6f654f.pdf
Capital/Financing Update
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REGULATED INFORMATION Brussels, embargo until 16.03.2015, 05:40 PM CET
PRESS RELEASE
Closing of a private placement of bonds for a total amount of €150 million
On 16.03.2015, Cofinimmo successfully closed the private placement of a seven-year non-convertible bond, for a total amount of €150 million, offering a fixed coupon of 1.929%.
The bond was placed by Bank Degroof with a limited number of Belgian and European institutional investors.
The bond will be subject to a request for admission for negotiation on Alternext Brussels (Euronext). The settlement, delivery and admission for negotiation of the bond on Alternext Brussels should take place on 25.03.2016.
This bond issue enables Cofinimmo to pursue its financing strategy which consists in diversifying its sources of financing, in reducing its cost of debt and in lengthening its maturity.
Cofinimmo is rated BBB- by Standard & Poor's, outlook stable.
For more information:
Valerie Kibieta Ellen Grauls Head of External Communication and Investor Relations Manager Investor Relations Tel.: +32 2 373 94 21 Tel.: +32 2 373 60 36 [email protected] [email protected]
REGULATED INFORMATION Brussels, embargo until 16.03.2015, 05:40 PM CET
PRESS RELEASE
About Cofinimmo:
Founded in 1983, Cofinimmo is today the foremost listed Belgian real estate company specialising in rental property and an important player in the European market.
The company owns a diversified property portfolio spread over Belgium, France, the Netherlands and Germany, worth over €3.2 billion, representing a total area of 1,780,000m². Riding on demographic trends, its main investment segments are offices (41%), healthcare properties (40%), and distribution networks (17%). As an independent company that consistently applies the highest corporate governance and sustainability standards, Cofinimmo services its tenants and manages its properties through its 110-strong team operating from Brussels.
Cofinimmo is listed on Euronext Brussels (BEL20) and benefits from the fiscal REIT regime in Belgium (RREC), in France (SIIC) and in the Netherlands (FBI). Its activities are controlled by the Financial Services and Markets Authority, the Belgian regulator.
At 31.12.2014, its total market capitalisation stands at €1.7 billion. The company applies investment policies which seek to offer a high dividend yield and capital protection over the long term, and aim both institutional and private investors.