Colonial announced Tuesday the launch of a 500 million euro bonus issue, with a coupon rate of 2.728% and maturity on 5th of June 2023 and one other for 600 million euro, with a coupon rate of 1.45% and maturity on the 28th of October 2024. The goal is to «sell the bonus in exchange for cash» which will be subject to «certain conditions», revealed the Spanish REIT in a document made available at the Comisión Nacional del Mercado de Valores.
BNP Paribas, CaixaBank, S.A., Crédit Agricole Corporate and Investment Bank and Natixis are the Dealer Managers for the Offer, according to the same document.
It further informs of its intention of issuing bonds (new bonus) as part of the program «Euro Medium Term Note» for 5 billion euro and further advances that «Colonial may decide, at its sole discretion, not to go through with the issuance of New Bonus for any reason».
