Edition:
United Kingdom

Mercialys Announces Bond Issue At 300 Million Euros


Tuesday, 20 Feb 2018 

Feb 20 (Reuters) - MERCIALYS SA ::SUCCESSFUL EURO 300 MILLION BOND ISSUE.‍OPERATION ENABLES CO TO SECURE FUTURE REDEMPTION OF EURO 479.7 MILLION BOND ISSUE MATURING IN MARCH 2019​.‍NEW ISSUE MATURES IN FEBRUARY 2026​.‍BOND ISSUE WAS 2.5 TIMES OVERSUBSCRIBED BY A DIVERSIFIED INVESTOR BASE​.‍NEW FINANCING LINE EXTENDS AVERAGE MATURITY OF CO'S DEBT FROM CURRENT 3.6 YEARS TO 4.2 YEARS​.‍BOND OFFERS A 1.80 PERCENT COUPON WHICH FAVORABLY COMPARES WITH 4.125 PERCENT COUPON OF BOND MATURING IN MARCH 2019​. 

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