French mall owner and developer Klépierre, which launched a formal takeover bid for Dutch retail company Corio this week, has issued €500 mln of 10-year bonds at a coupon of 1.75%.
French mall owner and developer Klépierre, which launched a formal takeover bid for Dutch retail company Corio this week, has issued €500 mln of 10-year bonds at a coupon of 1.75%.
The notes were oversubscribed by more than four times and taken up by investors from across Europe, including fund managers, insurers, banks and pension funds.
The move is aimed at 'optimizing the debt profile of the group while reducing its cost of funding', it said in a statement, ahead of its takeover of Corio.
