Mercialys : Weak visibility compounded by the consequences of COVID-19
>A 7-year bond issue for € 300m at 4.625% - Yesterday, Mercialys issued a new bond for a nominal amount of € 300m maturing July 2027. The bond carries a coupon of 4.625%. The issue was 2.4x oversubscribed by a diversified investor base. At the same time, Mercialys has launched an offer to redeem part of the € 750m bond, issue maturing in March 2023 with a coupon of 1.787%. Once finalised we understand that these operations will contribute to the extension in the avera...Mercialys is a real estate company, specialized in the transformation and management of shopping centers. Co. manages a portfolio of 91 properties located throughout France at Dec 31, 2013. Co.'s assets are classified into three categories: large regional shopping centers (GLA of over 365,800 sq. m.), neighborhood shopping centers (GLA of over 181,600 sq. m.), and Other assets (40,900 sq. m.). At Dec. 31, 2013, the portfolio comprised 25 large regional shopping centers, 36 neighborhood shopping centers, and 18 other sites such as food stores, specialty stores, independent cafeterias, service malls, and convenience stores, representing a total gross leasable area of about 588,300 sq. m.
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.
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