AccorHotels launches a successful bond offering

first_imgAccorHotels successfully set the terms of a seven-year bond issue for an amount of EUR 600 million with an annual coupon of 1.25% recently.AccorHotels took advantage of the favourable conditions on the credit market to optimise its average cost of funding and lengthen the average maturity of its debt.The transaction was completed within a short time, and at favourable conditions. Based on these elements, the bond was finally raised to EUR 600 million.Accor’s long-term senior debt is rated BBB- by Standard & Poor’s and Fitch Ratings. BNP Paribas acted as Global Coordinator and book runner for this bond issue.CM-CIC Market Solutions, Commerzbank, Crédit Agricole CIB, MUFG, Natixis and Société Générale Corporate & Investment Banking acted as joint Lead Managers and book runners.last_img read more