Mercialys calculates redemption price at 102.37741 for buyback

Chicago, March 10 – Mercialys calculated the price for the full redemption of its €469.5 million outstanding 1.787% bonds due March 2023 (ISIN: FR0012332203) at 102.37741, according to a press release.

Pricing took place at 5 a.m. ET on March 9 using the relevant reference rate plus 19 basis points.

Interest of €1,708.67 per €100,000 bond will also be paid on the redemption date.

The company is redeeming the remaining bonds from its original €750 million issue on March 15, as previously reported.

Based in Paris, the real estate management company was originally formed by Casino Group.

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