Icade: bond buyback offer finalized

(CercleFinance.com) - Icade announces that it has finalized its bond buyback offer launched on May 14, concerning three existing bond issues.
The real estate group has thus repurchased 350 million euros, out of the 517.1 million tendered to the offer.

For the record, the three bond issues concerned represented a total nominal amount of 1.85 billion euros, maturing between 2025 and 2027 and bearing interest at rates ranging from 1.125% to 1.750%.

Icade points out that it will finance the redemption of the bonds with part of the proceeds received in 2023 from the first stage of the disposal of its healthcare activities, and is thus 'proactively managing its debt maturity schedule'.

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