Gecina places €500m bond

French REIT Gecina has placed a €500m, nine-year bond carrying a coupon of 2%, 115bps over the mid-swap rate. The latest issue was taken up by a large pan-European base, the company said. The funds will be used to refianance some of the corporate credit facilities related to last week's €1.24bn purchase of two landmark office assets in Paris from Ivanhoé Cambridge: PSA group’s historic headquarters in central Paris near L'Arc de Triomphe and the T1&B towers in La Défense.

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