Tikehau Capital, the global alternative asset management group, has successfully priced a new sustainable bond issue for a total amount of €300 mln maturing in March 2030.
This issue of senior unsecured sustainable bond is associated with a fixed annual coupon of 6.625%.
The oversubscribed bond has been placed with a diversified base of more than 60 investors and has been subscribed by more than 80% of non-domestic investors.
It is rated BBB- by the financial rating agencies S&P Global Ratings and Fitch Ratings. During the second quarter of 2023, both agencies confirmed Tikehau Capital’s Investment Grade credit rating (BBB-) with a stable outlook.
The issuance of this second, sustainable bond reinforces the position of Tikehau Capital as a pioneer in sustainability.
The net proceeds of this issue will be used to carry out investments as part of Tikehau Capital’s sustainable bond framework.
Through this operation, Tikehau Capital extends its average debt’s maturity to 5.3 years, compared to 4.0 years without the issuance. Application has been made to Euronext Paris for the bonds to be admitted to trading on Euronext Paris.
The bond placement has been arranged by Crédit Agricole Corporate and Investment Bank, Goldman Sachs Bank Europe SE and Société Générale as global coordinators and joint lead managers, as well as by BofA Securities, JP Morgan, Natixis, SMBC and RBC Capital Partners as active bookrunners.
