Mercialys gets tenders for €170.3 million of 4.125% bonds due 2019

By Marisa Wong

Madison, Wis., Nov. 26 – Mercialys closed the tender offer for its €650 million of 4.125% bonds due March 26, 2019 on Tuesday.

The total amount tendered in the offer was €170.3 million, leaving €479.7 million outstanding. The tendered bonds will be cancelled on Dec. 2, according to a press release.

As previously announced, pricing will be determined using the interpolated mid-swap rate plus a spread of 30 basis points and will be set on Wednesday.

Settlement is anticipated on Nov. 28.

The dealer managers are BNP Paribas (44 20 7595 8668; liability.management@bnpparibas.com), Credit Agricole CIB (44 20 7214 6712; liability.management@ca-cib.com), HSBC Bank plc (44 20 7992 6237; liability.management@hsbcib.com), Natixis (44 20 3216 9598 or 33 01 58 55 80 99; liability.management-corporate@natixis.com), Societe Generale (33 01 42 13 32 40; liability.management@sgcib.com) and the Royal Bank of Scotland plc (44 20 7085 5991; liabilitymanagement@rbs.com).

The information agent is BNP Paribas Securities Services (33 01 57 43 10 77; paris.bp2s.information.agent@bnpparibas.com).

In other news, the company placed €550 million of bonds due 2023 with a 1.787% coupon.

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

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