By Lisa Kerner
Charlotte, N.C., April 29 - Nexity announced the private placement issue of a €171 million bond to French institutional investors.
The bond will be issued in two tranches as follows:
• €25 million at an annual coupon rate of 3.252% maturing on May 5, 2020;
• €146 million at an annual coupon rate of 3.522% maturing on May 5, 2021.
The placement agents are HSBC Bank plc, Natixis and Societe Generale, according to a company news release.
Settlement is planned for Monday.
According to Nexity, the issue will extend the maturity of its debt at favorable rates.
Nexity is a Paris-based real estate development company.
| Issuer: | Nexity
|
| Issue: | Bond
|
| Amount: | €171 million
|
| Agents: | HSBC Bank plc, Natixis and Societe Generale
|
| Pricing date: | April 29
|
| Settlement date: | May 5
|
| Distribution: | Private placement
|
| Purchasers: | French institutional investors
|
|
|
| First tranche
|
| Amount: | €25 million
|
| Coupon: | 3.252%
|
| Maturity: | May 5, 2020
|
|
|
| Second tranche
|
| Amount: | €146 million
|
| Coupon: | 3.522%
|
| Maturity: | May 5, 2021
|
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