Accor issued today with success a new tranche of ?100 million of its original ?600 million issue maturing June 2017.
This new tranche has a 2.406% yield. This additional bond issue enables Accor to both lengthen the average maturity of its debt and optimize its average cost of funding.
Accor?s long-term senior debt is rated BBB- by Standard & Poor?s and Fitch Ratings.
Soci?t? G?n?rale Corporate & Investment Banking acted as Global Coordinator and bookrunner for this bond issue; Cr?dit Agricole CIB, HSBC, Natixis and UBS Investment Bank acted as joint lead managers and bookrunners.
Source: Accor