Report
Joan Sehim

Altarea : Nous initions les nouvelles obligations à Neutre

Altarea a placé aujourd’hui 300 m EUR de nouvelles obligations senior à échéance octobre-2031 (7NC) à un prix de MS+325 (vs IPT de MS+340-350), soit un rendement à l’émission de 5.5%. L’émission a été très légèrement sursouscrite (1.9x la taille offerte). Elle permettra au groupe de renforcer sa liquidité (suite au remboursement des obligations de 255 m EUR en juillet dernier), qui couvre déjà confortablement ses besoins jusqu’à début 2028. - >Avis crédit Stable - ...
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
Joan Sehim

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