By Mary-Katherine Stinson
Lexington, Ky., Sept. 8 – Tikehau Capital SCA priced a new sustainable bond issue (BBB-/BBB-) totaling €300 million, according to a press release.
The bonds bear interest at 6.625% and mature in March 2030.
The bond issue was “clearly oversubscribed” and has been placed with a diversified base of more than 60 investors and has been subscribed by more than 80% of non-domestic investors, the company stated in the press release.
Credit Agricole CIB, Goldman Sachs Bank Europe SE and Societe Generale are global coordinators and joint lead managers, with BofA Securities, JPMorgan, Natixis, SMBC and RBC Capital Partners as active bookrunners.
According to the release, the successful issue extends Tikehau’s average debt maturity to 5.3 years from four years.
The net proceeds of this issue will be used to carry out investments as part of Tikehau’s sustainable bond framework.
The global alternative asset management and investment company is based in France.
| Issuer: | Tikehau Capital SCA
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| Amount: | €300 million
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| Issue: | Sustainable bonds
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| Maturity: | March 2030
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| Bookrunners: | Credit Agricole CIB, Goldman Sachs Bank Europe SE, Societe Generale, BofA Securities, JPMorgan, Natixis, SMBC and RBC Capital Partners
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| Coupon: | 6.625%
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| Announcement date: | Sept. 8
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| Rating: | S&P: BBB-
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| Fitch: BBB-
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