Societe Fonciere Lyonnaise redeems €300 million bonds due 2021, 2022

By Susanna Moon

Chicago, Sept. 27 – Societe Fonciere Lyonnaise said it redeemed €150 million of bonds due 2021 and €150 million of bonds due 2022 as a result of a tender offer.

The tender offer, which began on Sept. 19 and ran until Sept. 26, “is part of the company's active debt management strategy, and allows SFL to reduce future average borrowing costs and extend the average maturity of its debt,” according to an announcement.

SFL is a commercial real estate company based in Paris.

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