Klépierre Raised 300 Million Euros in the Bond Market
May 29 2012 - 1:04PM
Business Wire
Regulatory News:
Klépierre (Paris:LI) announced that it raised 300 millions euros
in the bond market through three private placements. These
transactions, completed this month under the Euro Medium Term Notes
(EMTN) programme, attracted a strong interest from several
investors across Europe:
- 50 million euros on a new 15 years
bond
- 50 million euros on the bond maturing
April 2020, increasing the size of the issue to 300 million
euros
- 200 million euros on the bond maturing
March 2021, increasing the size of the issue to 500 million
euros
On average, the new notes offer a 10-year maturity (2020 to
2027) for a 3.85% yield. The 191 basis points average margin
acknowledges the significant compression of the secondary spreads
of Klépierre since last January.
Klépierre thus pursues the active management of its financial
resources both in terms of maturity schedule enhancement and
diversification while optimizing their cost.
AGENDA
07/24/2012 2012 half-year
results*
10/22/2012 2012 3rd
quarter revenues*
* Press release after stock market closes
About Klépierre
A first rank player in retail real estate in Europe, Klépierre
combines development, rental, property and asset management skills.
Its portfolio is valued at 16.2 billion euros on December 31, 2011
and comprises 271 shopping centers in 13 countries of
Continental Europe (92.7%), retail properties via its listed
subsidiary Klémurs (3.9%) and offices buildings in Paris (3.4%).
Klépierre holds a controlling stake in Steen & Strøm
(56.1%), Scandinavia’s number one shopping center owner and
manager.
Klépierre’s largest shareholder is the Simon Property Group
(28.9%), world leader in the shopping center industry, along with
BNP Paribas (22.5%), the first bank in the Euro zone.
Klépierre is a French REIT (SIIC) listed on
Euronext ParisTM and is included into the SBF 80 and EPRA Euro
Zone indexes. Klépierre is also included in several ethical indexes
- DJSI World and Europe, FTSE4Good, ASPI Euro Zone - and member of
both Ethibel Excellence and Ethibel Pioneer investment registers.
Klépierre was also ranked seventh among listed real estate
companies in Europe by GRESB (Global Real Estate Sustainability
Benchmark) in 2011, in the Green Stars compartment. This
distinction marks the Group’s commitment to a voluntary sustainable
development policy.
For more information, visit our website: www.klepierre.com