Report
Delphine Chauvin

Korian : Issuance Focus

Korian intends to issue its first "senior unsecured” standard bond. It will be a € 500m (no increase) seven-year bond (October 2028), with the particularity of being a "social" bond intended to finance projects eligible for the company's "Social Financing Framework". The group has identified around 15 projects to be financed or refinanced, the majority of which would fall within the criteria for the development of its Medical division. The acquisition of Ita Salud Mental in Spain...
Underlying
Korian SA

Korian is an actor on the temporary and permanent dependency care market in France, Germany and Italy. Co. offers and develops services related to dependency through its retirement homes (116 as of Dec 31 2009), follow-up care and rehabilitation facilities (35 as of Dec 31 2009) and psychiatric clinics (11 as of Dec 31 2009). Co.'s operations can be divided into four geographical segments: Medical and Social activity in France (retirement homes); Sanitary activity in France (follow-up care, rehabilitation, psychiatry and home medical care); Italy; and Germany.

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

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