Accor successfully increases by €100 million its bond maturing in June 2017

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Accor successfully increases by €100 million its bond maturing in June 2017
	Accor successfully increases by €100 million its bond maturing in June 2017
Category: Worldwide - Industry economy - Figures / Studies This is a press release selected by our editorial committee and published online for free on 2012-09-24 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. Société Générale Corporate & Investment Banking acted as Global Coordinator and bookrunner for this bond issue; Crédit Agricole CIB, HSBC, Natixis and UBS Investment Bank acted as joint lead managers and bookrunners.