Klépierre: bond issue more than five times oversubscribed
(CercleFinance.com) - Klépierre announced on Friday that its 600 million euro bond issue had been more than five times oversubscribed.
The shopping center specialist points out that this bond, with a maturity of 9.6 years, was closed on the basis of a margin of 130 basis points above the benchmark rate, for a coupon of 3.875%.
Last week, the Group, which has a portfolio valued at some 19.3 billion euros, reported slightly better-than-expected 2023 annual results and an unsurprising outlook, with net current cash flow per share expected to remain stable overall.
After climbing 3% on Thursday and 1.4% on Friday, the share price was down 0.2% on Monday.
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