French listed company Icade has issued a €750m bond with a maturity of 10 years.

The Paris-based company said the bond offers an annual coupon of 1.75%.

Funds were raised with a 123-basis point spread over reference rate.

Icade said investors showed a strong interest in the issue.

Proceeds will be used for general corporate purposes including the repayment, in whole or in part, of syndicated or bilateral loans.

The transaction extends the company’s average debt maturity and improves its average cost of debt.

Icade said it was “ready to seize any opportunities that arise in today’s favourable market conditions to obtain financing at attractive terms”.

The bond issue follows the placing of a seven-year, €500 bond issue with a coupon rate of 1.875% late last year.

The issue, largely oversubscribed, was backed by central banks and sovereign funds.

At the time, chief exeuctive Olivier Wigniolle said the issue showed the company’s ability to issue financing at “very attractive conditions and to improve significantly the cash-flows from its future investments”.

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