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Covivio — Capital/Financing Update 2016
May 10, 2016
1222_iss_2016-05-10_14adfb82-0c99-440d-9605-fb309911931d.pdf
Capital/Financing Update
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Not for distribution, directly or indirectly, in the United States of America, Australia, Japan or Canada
PRESS RELEASE
Paris, 10 may 2016
Foncière des Régions successfully issues its first €500 million 10-year Green Bond with a 1.875% coupon
Foncière des Régions has successfully priced yesterday its first Green Bond issue of €500 million, maturing in 2026 and offering a 1.875% coupon (margin of 137 bps above the swap rate). The notes have been more than 5 times oversubscribed.
This issue rewards the ambitious ISR strategy of Foncière des Régions and in particular the quality improvement dynamic in our French Office portfolio, thanks to the development pipeline and asset rotation strategy. This issue will be used to finance or refinance office buildings under development or recently delivered and with a HQE (minimum target of 9/14) or BREEAM (Very Good and above) certification.
Foncière des Régions pursues at the same time its strategy of funding diversification, reduction of the cost of its debt and extension of its maturity.
Application will be made to Euronext Paris S.A. for the Notes to be admitted to trading on Euronext Paris and to the Autorité des Marchés Financiers for approval of the prospectus. Settlement and admission to trading on Euronext Paris of the Notes should occur on 20 May 2016.
This press release and the information contained herein do not constitute an offer to sell or subscribe, nor a solicitation of an order to purchase or subscribe the notes in any country, in particular in the United States. The distribution of this press release may be restricted in some countries and be subject to specific regulations and persons in possession of this press release should inform themselves about and comply with any applicable restrictions.
Contacts
Press Relations Géraldine Lemoine Tel : + 33 (0)1 58 97 51 00 [email protected]
Investor Relations Paul Arkwright Tel : + 33 (0)1 58 97 51 85 [email protected]
Foncière des Régions, co-créateur d'histoires immobilières
As a key player in real estate, Foncière des Régions has built its growth and its portfolio on the key and characteristic value of partnership. With a total portfolio valued at €18Bn (€11Bn in group share), located in the high-growth markets of France, Germany and Italy, Foncière des Régions is now the recognised partner of companies and territories which it supports with its two-fold real estate strategy: adding value to existing urban property and designing buildings for the future.
Foncière des Régions mainly works alongside Key Accounts (Orange, Suez Environnement, EDF, Dassault Systèmes, Thales, Eiffage, etc) in the Offices market as well as being a pioneering and astute operator in the two other profitable sectors of the Residential market in Germany and Hotels in Europe.
Foncière des Régions shares are listed in the Euronext Paris A compartment (FR0000064578 - FDR), are admitted to trading on the SRD, and are included in the composition of the MSCI, SBF 120, Euronext IEIF "SIIC France" and CAC Mid100 indices, in the "EPRA" and "GPR 250" benchmark European real estate indices, and in the FTSE4 Good, DJSI World and Euronext Vigeo (World 120, Eurozone 120, Europe 120 et France 20) ethical indices. Foncière des Régions is rated BBB/Stable by Standard and Poor's.
Follow us on Twitter @fonciereregions