Klepierre launches tender offer for 4.25%, 4% euro-denominated notes

By Jennifer Chiou

New York, Oct. 29 – Klepierre SA announced the start of its tender offer for its €689.1 million of outstanding 4.25% notes due March 16, 2016 and its €850 million of outstanding 4% notes due April 13, 2017.

The offer will end on Nov. 3.

The company said it has yet to determine the maximum acceptance amount for the offer but will do so on Nov. 4. It will also announce pricing on that date.

For the 4% notes, the purchase price will be set using the 2017 interpolated mid-swap rate plus 0 bps.

Settlement is slated for Nov. 6.

The joint dealer managers are Societe Generale (attn: liability management; 44 20 7676 7579; liability.management@sgcib.com) and the Royal Bank of Scotland plc (attn: liability management group; 44 20 7085 5991; liabilitymanagement@rbs.com). The co-dealer manager is BNP Paribas (attn: liability management group; 44 20 7595 8668; liability.management@bnpparibas.com).

The information agent is BNP Paribas Securities Services (33 1 57 43 10 77; paris.bp2s.information.agent@bnpparisbas.com).

Klepierre is a Paris-based real estate investment trust.

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