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Covivio — Capital/Financing Update 2017
Jun 21, 2017
1222_iss_2017-06-21_c29d4917-18a2-48bb-9e5b-20c97ef745f7.pdf
Capital/Financing Update
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PRESS RELEASE
Paris, 21 June 2017
Foncière des Régions announces final results for the tender offer on its Euro notes due September 2021
Foncière des Régions (the Company) is today pleased to announce the final results of its offer to purchase (the Offer) for cash some of its 1.750 per cent. notes due September 2021 (ISIN: FR0012146744) (the Notes).
The Offer expired at 4:00 p.m., on 20 June 2017. The total amount of the Notes purchased is €273.1 million.
Thanks to this Offer, and the successful issue of €500 million maturing in 2027 (with a 1.500 per cent coupon) issued today, Foncière des Régions improves the cost and maturity profile of its debt.
The settlement of the Offer is expected to occur on 23 June 2017. Holders whose Notes have been accepted for purchase will receive a cash payment representing the purchase price plus accrued and unpaid interest on those Notes from the last interest payment date.
Contacts
Press Relations Géraldine Lemoine Tel : + 33 (0)1 58 97 51 00 [email protected]
Laetitia Baudon Tél : + 33 (0)1 44 50 58 79 [email protected]
Investor Relations Paul Arkwright Tel : + 33 (0)1 58 97 51 85 [email protected]
Foncière des Régions, co-author of real estate stories
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 €19Bn (€12Bn 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, Euronext Vigeo (World 120, Eurozone 120, Europe 120 et France 20), Oekom, Ethibel and Gaïa ethical indices. Foncière des Régions is rated BBB/Stable by Standard and Poor's.
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