Inmobiliaria Colonial buys €375 million 1.863% notes in tender

By Susanna Moon

Chicago, Oct. 28 – Inmobiliaria Colonial accepted for purchase €375 million of its €750 million of 1.863% notes due 2019.

Inmobiliaria will purchase the notes at a price of 104.823% of par using a proration factor of 68.52%, according to a company notice.

The company was tendering for a capped amount of the notes from Oct. 20 until 10 a.m. ET on Oct. 27.

Holders also will receive accrued interest to but excluding the settlement date of Nov. 2.

Inmobiliaria had planned to issue new euro-denominated fixed-rate notes, and the tender offer was contingent on closing of the new issue. The condition has now been met, the company said.

BNP Paribas (+44 0 20 7595 8668 or liability.management@bnpparibas.com), Credit Agricole CIB (+44 207 214 5482 or liability.management@ca-cib.com) and Natixis (+33 1 58 55 80 98 or liability-management-corporate@es.natixis.com) are the dealer managers.

Lucid Issuer Services Ltd. (+44 0 20 7704 0880, fax +44 0 20 3004 1590 or inmocolonial@lucid-is.com) is the tender agent.

Colonial is a real estate company based in Barcelona, Spain.

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