Accor: optimizes average cost of debt
(CercleFinance.com) - Accor has announced the establishment of a short-term negotiable debt securities program (NEU CP) of up to 500 million euros.
"With this program, Accor diversifies its source of funding while optimizing its cost of debt. The Group will be able to issue NEU CP with maturities between 1 day to 1 year and up to an outstanding total of E500m," management said.
"Proceeds of the program will be dedicated to short term General Corporate Purposes," it added.
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"With this program, Accor diversifies its source of funding while optimizing its cost of debt. The Group will be able to issue NEU CP with maturities between 1 day to 1 year and up to an outstanding total of E500m," management said.
"Proceeds of the program will be dedicated to short term General Corporate Purposes," it added.
Copyright (c) 2019 CercleFinance.com. All rights reserved.