Societe Fonciere Lyonnaise buys back 2016, 2017 bonds for €243.5 million under tender offer

By Marisa Wong

Morgantown, W.Va., Dec. 2 – Societe Fonciere Lyonnaise SA (SFL) announced it completed its tender offer for two public bonds maturing in May 2016 and November 2017.

The company repurchased its bonds for €243.5 million, of which €144.2 million relates to the 2016 bond and €99.3 million to the 2017 bond.

The tender offer began on Nov. 24 and expired on Dec. 1.

The offer was part of SFL’s active debt management strategy and enables the company to extend the average maturity of its debt and reduce its average future cost, according to a news release.

The real estate investment and management company is based in Paris.

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