Mercialys Successfully Issues New Euro 300 Million Bond

On May 27, 2025, Mercialys, a leading French REIT focused on accessible retail, announced the successful placement of a Euro 300 million bond. This bond has a 7-year maturity and offers a 4.0% coupon. The issuance saw substantial interest, being five times oversubscribed, highlighting investor confidence in Mercialys' financial stability.

This bond issue aligns with the company's strategy to refinance an existing Euro 300 million bond due in February 2026. The transaction will extend Mercialys' average debt maturity, which was 3.8 years as of the end of 2024, and improve its liquidity profile. The company holds a BBB stable rating from Standard & Poor's.

Crédit Agricole CIB and Natixis acted as global coordinators and bookrunners for this issue, while additional support came from BNP Paribas, CIC, La Banque Postale, and Société Générale as bookrunners.