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Accor launches €750 million bond issue over seven years

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Published on 04/02/14 - Updated on 17/03/22

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Accor announced that it has successfully set the terms of a bond issue over seven years for an amount of 750 million euros, with an annual coupon of 2.625%. Despite a volatile market environment, the order book stood at over EUR 3 billion, more than 6 times over the initially planned target amount, for rapid execution, a very favorable coupon and a final issue of 750 million euros.This allows the hotel group to extend the average maturity of its debt while significantly reducing the average cost of funding. Accor's long-term debt is rated BBB-by Standard & Poor's and Fitch Ratings.

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