France’s Icade exercises make-whole call option for 3.375% bonds

Chicago, March 8 – Icade announced the upcoming early redemption of all €279.2 million outstanding of its 3.375% bonds maturing Sept. 29, 2023 (ISIN: FR0011577188) in a press release on Tuesday.

The bonds will be redeemed with a make-whole premium and interest up to the date of redemption on April 8.

Pricing for the premium will be set on April 4.

Icade aims to proactively manage its balance sheet through the transaction.

After the redemption, the group’s next bond maturity is in November 2025.

Icade is a real estate investment company based in Paris.

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