June 27, 2017 / 5:48 PM / 2 months ago

BRIEF-Gecina announces placement of a bond issue with three tranches for a total amount of 1.5 billion euros

June 27 (Reuters) - GECINA SA:

* FRIENDLY BUSINESS COMBINATION WITH EUROSIC: GECINA SUCCESSFULLY PLACES A BOND ISSUE WITH THREE TRANCHES FOR A TOTAL AMOUNT OF 1.5 BILLION EUROS

* ‍BOND ISSUE IN THREE TRANCHES​

* ‍A BOND ISSUE WITH AN AVERAGE COUPON OF 1.3% AND AN AVERAGE MATURITY OF 10 YEARS​

* ‍500 MILLION EUROS MATURING IN JUNE 2022, WITH A VARIABLE COUPON BASED ON 3 MONTH EURIBOR + 38 BP (EQUIVALENT TO A COUPON OF 0.5%)​

* ‍500 MILLION EUROS MATURING IN JUNE 2032, WITH A COUPON OF 2.0%​

* 500 MILLION EUROS MATURING IN JUNE 2027, WITH A COUPON OF 1.375%

* ‍THREE BOND ISSUES WERE NEARLY FOUR TIMES OVERSUBSCRIBED​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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