Brief: Covivio: successfully priced €500 million 10-year Bond with a 1.625% coupon

Covivio Hotels SCA

17/06/2020 07:55

June 17 (Reuters) - Covivio Hotels SCA  COVH.PA :
    
    * Covivio has successfully priced its new Bond issue of €500
million, maturing in 2030 and offering a 1.625% coupon
    * Notes have been close to 5 times oversubscribed
    * This operation, used to refinance existing debts,
strengthens the balance sheet by lengthening debt maturity (of
6.1 years at end-2019) and improving its profile
    

 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))