Inmobiliaria Colonial begins one-week capped tender for 1.863% notes

By Susanna Moon

Chicago, Oct. 20 – Inmobiliaria Colonial began a capped tender offer for its €750 million of 1.863% notes due 2019.

The tender offer will end at 10 a.m. ET on Oct. 27, with the maximum purchase amount to be determined later, according to a company announcement.

Pricing will be set using a purchase yield of 0%.

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

Inmobiliaria plans to issue new euro-denominated fixed-rate notes, and the tender offer is contingent on closing of the new issue.

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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