SFL (Paris:FLY) has today successfully completed the placement of €500
million worth of 5-year 3.50% bonds due 28 November 2017.
This new issue, which is in line with the strategy launched in 2011 to
diversify SFL’s financing sources, strengthens the Group's liquidity
position and extends the average maturity of its debt.
The interest rate is below that of the May 2011 inaugural bond issue and
is also lower than the Group’ average borrowing cost.
BNPP, CACIB, HSBC, Natixis and SGCIB acted as lead managers for the
issue and CM-CIC as co-lead manager.
With an exceptional portfolio of properties valued at €3.4 billion
including transfer costs, essentially located in the Paris Central
Business District, SFL is a preferred vehicle for investors wishing to
invest in the Paris office and retail property market. As the leading
player in this market, the Group is firmly focused on pro-actively
managing high-quality property assets. SFL has elected to be taxed as an
SIIC since 2003.
Euronext Paris Compartment A – Euronext Paris ISIN FR0000033409 –
Bloomberg: FLY FP – Reuters: FLYP PA
S&P RATING: BBB- /A-3 Stable outlook