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AccorHotels took advantage of the favourable conditions on the credit market to optimise its average cost of funding and lengthen the average maturity of its debt.
The transaction was completed within a short time, and at favourable conditions. Based on these elements, the bond was finally raised to EUR 600 million.
Accor’s long-term senior debt is rated BBB- by Standard & Poor’s and Fitch Ratings. BNP Paribas acted as Global Coordinator and book runner for this bond issue.
CM-CIC Market Solutions, Commerzbank, Crédit Agricole CIB, MUFG, Natixis and Société Générale Corporate & Investment Banking acted as joint Lead Managers and book runners.
Source: travelnewsdigest.in