Corio successfully places €250 mln. bond issue (NL)

Corio N.V. has successfully priced a bond issue of €250 million with a maturity of 10 years.

The proceeds of this transaction will be used for general corporate purposes and allow Corio to extend its debt maturity profile. The €250 mln. bond issue, which offers a 5.448% coupon and matures on 10 August 2020, is subject to documentation. The bonds will be placed with a single foreign institutional investor.

The bonds are issued by Corio and will be listed on Euronext Amsterdam.

Corio has been assigned a BBB+ rating by Standard & Poors and a Baa1 byMoody's, both with a stable outlook. J.P. Morgan acted as lead manager for this issue.

Source: Hugin

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