In a document released by the Comisión Nacional del Mercado de Valores, the REIT revealed that it «intends to accept for purchase 193.8 million euro in aggregate principal amount of the 2023 Notes and 106.7 million euro in aggregate principal amount of the 2024 Notes, in each case in accordance with the terms and conditions of the offer». And it further informed that «there will be no pro-ration for the 2023 Notes and the indicative pro-ration factor for the 2024 Notes is approximately 46.70%».
This means that Colonial should pay its maximum established amount, 300.5 million euro for the two bonus issues which were launched last Tuesday. One of the operations concerns a 500 million euro issue, with a coupon rate of 2.728% and maturity on 5th of June 2023 and the other is for 600 million euro, with a coupon rate of 1.45% and maturity on the 28th of October 2024.
In this process, the Spanish REIT has the support of BNP Paribas, CaixaBank, S.A., Crédit Agricole Corporate and Investment Bank and Natixis which are the Dealer Managers for the Offer, according to the same document.
The company also concluded last week its 500 million euro debt issuance with maturity on October 2028 and a 1.35% coupon rate.