Mercialys tenders for €650 million 4.125% bonds due March 2019

By Jennifer Chiou

New York, Nov. 18 – Mercialys announced the launch of the tender offer for its €650 million of 4.125% bonds due March 26, 2019.

The company said it will determine a maximum acceptance amount at a later time.

The offer will end on Nov. 25, and pricing will be set on Nov. 26.

Pricing will be determined using the interpolated mid-swap rate plus a spread of 30 basis points.

Settlement is anticipated on Nov. 28.

The dealer managers are BNP Paribas (44 20 7595 8668; liability.management@bnpparibas.com), Credit Agricole Corporate and Investment Bank (44 20 7214 6712; liability.management@ca-cib.com), HSBC Bank plc (44 20 7992 6237; liability.management@hsbcib.com), Natixis (44 20 3216 9598 or 33 01 58 55 80 99; liability.management-corporate@natixis.com), Societe Generale (33 01 42 13 32 40; liability.management@sgcib.com) and the Royal Bank of Scotland plc (44 20 7085 5991; liabilitymanagement@rbs.com).

The information agent is BNP Paribas Securities Services (33 01 57 43 10 77; paris.bp2s.information.agent@bnpparibas.com).

In other news, the company placed €550 million of bonds due 2023 with a 1.787% coupon.

Based in Paris, the real estate management company was originally formed by Casino Group.

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