Report
Florent Laroche-Joubert

Altarea : Twin-edged transaction to optimise debt profile!

>A move to improve its debt structure! - Altarea yesterday morning announced its intention to carry out a twin-edged transaction on the bond market:A bond issue of € 300m at nine years: the pricing of this new fixed rate senior note is expected to be announced by 11 December at 4pm at the latest and probably earlier. Based on our estimates, the annual fixed coupon could be set in a 2.20%-2.30% range and potentially lower than that in a more optimistic scenario.§r...
Underlying
Altarea SCA

Altarea Cogedim is a real estate investment trust and development company. Co. is an active operator in the three main segments — retail, residential & office-hotels property — with the ability to design, develop, market & manage custom-tailored real estate products. In the Retail segment, Co. is active in real estate investment, development, asset management, providing services to third-party customers. In the Residential segment, Co. is a residential property developer. In the Office Property segment, Co. is a global operator active in all commercial property formats: high-rise buildings, business districts, corporate headquarters, renovation projects, green districts & luxury hotels.

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
Florent Laroche-Joubert

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