French listed property group Covivio said on Wednesday that it has raised €500 mln through the issue of a 10-year bond with a coupon of 1.625%.
The notes, which will be used to refinance existing debt and strengthen the balance sheets, were nearly five times oversubscribed, highlighting investors’ appetite for the product.
The operation lengthen Covivio’s debt maturity which was 6.1 years at end-2019.
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