Report
Delphine Chauvin

Accor : Accor a fait sa rentrée sur le marché obligataire

Accor n’a pas attendu la fin du mois d’août pour faire sa rentrée et a placé hier dans la journée une nouvelle hybride Perp.Call 30 (NC6) à un taux de 4.875% (ms+242bp). L’émission a eu du succès puisqu’il y a eu plus de 3.8 mds EUR dans le book. Nous profitons de l’occasion pour refaire un point sur la signature et ajuster nos recommandations. - Notre Avis Crédit reste stable. Ayant retrouvé une situation financière qu’il estime suffisamment solide, et qui s’est illustrée par le ...
Underlying
Accor SA

Accor is a hotel operator. Co. offers its guests and partners the expertise of a hotel operator and brand franchisor (HotelServices) and a hotel owner and investor (HotelInvest). Co. divides its activities into three segments: Luxury-upscale, Midscale and Economy. Luxury-upscale makes up 11% of Co.'s portfolio and comprises brands such as Sofitel, Pullman, MGallery, and Grand Mercure; Midscale makes up 43% of its portfolio and comprises the Novotel, Suite Novotel, Mercure and Adagio brands; and Economy makes up 46% the Co.'s portfolio, comprising the brands ibis, ibis Styles, ibis budget and hotelF1. At Dec 31 2013 Co. operated around 3,600 hotels and 460,000 rooms in 92 countries.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Delphine Chauvin

ResearchPool Subscriptions

Get the most out of your insights

Get in touch