By Lisa Kerner
Charlotte, N.C., Jan. 7 - Altarea Cogedim issued €150 million of 3.97% seven-year unsecured bonds on Dec. 28 in a private placement.
The company also issued €100 million of five-year unsecured bonds at a fixed rate of 3.65% on Dec. 21 in a regular European issue.
Altarea's corporate financing in 2012 totaled €530 million.
According to Altarea, it began a restructuring of its hedging instruments and is ahead of its refinancing policy, with its corporate debt maturing in 2013 largely covered.
Altarea Cogedim is a Paris-based commercial land owner and developer.
| Issuer: | Altarea Cogedim
|
| Issue: | Unsecured bonds
|
| Amount: | €150 million
|
| Maturity: | Seven years
|
| Coupon: | 3.97%
|
| Issue date: | Dec. 28
|
| Distribution: | Private placement |
|
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