Accor issued today with success a new tranche of 100 million of its original 600 million issue maturing June 2017. This new tranche has a 2.406% yield.
This additional bond issue enables Accor to both lengthen the average maturity of its debt and optimize its average cost of funding.
Accor's long-term senior debt is rated BBB- by Standard & Poor's and Fitch Ratings.
Société Générale Corporate & Investment Banking acted as Global Coordinator and bookrunner for this bond issue; Crédit Agricole CIB, HSBC, Natixis and UBS Investment Bank acted as joint lead managers and bookrunners.