on ACCOR (EPA:AC)
Accor Successfully Issues €600 Million in Senior Bonds
Accor has announced the successful placement of a €600 million senior bond with an 8-year maturity and an annual coupon rate of 3.50%. This follows the recent release of their record-breaking 2024 annual results. The bond issue underscores the market's confidence in Accor's financial health and growth prospects.
This strategic move allows Accor to capitalize on favorable market conditions, extending the average maturity of its debt. The proceeds are earmarked for general corporate purposes, reinforcing its operational base. Standard & Poor's and Fitch Ratings assign a BBB- rating to Accor's long-term debt.
The bond placement involved key financial institutions including BNP Paribas, Deutsche Bank, Commerzbank, HSBC, Mizuho, and Santander, serving as Joint Lead Managers and Bookrunners.
R. E.
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