Search
The Caterer

AccorHotel raises £520m through bond issue

19 January 2017 by
AccorHotel raises £520m through bond issue

AccorHotels has raised £520m (€600m) through a seven-year bond issue as part of a debt restructuring programme.

The firm said that it was taking advantage of favourable market conditions to offer an annual coupon of 1.25%. It added that the offering was oversubscribed.

In a statement, Accor said: "The transaction was completed within a short time, and at a very favorable conditions. Based on these elements, the bond was finally raised to €600m.

"Accor's long-term senior debt is rated BBB- by Standard & Poor's and Fitch Ratings."

BNP Paribas acted as global Coordinator and bookrunner for this bond issue. Joint lead managers and bookrunners included CM-CIC Market Solutions, Commerzbank, Crédit Agricole CIB, MUFG, Natixis and Société Générale.

AccorHotels launches lifestyle division >>

AccorHotels buys 30% stake in 25hours Hotels brand >>

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.