COVIVIO (EPA:COV) - Covivio successfully priced a €500 million 10-year Bond with a 1.625% coupon

Transparency directive : regulatory news

17/06/2020 08:46

PRESS RELEASE

Paris, 16 June 2020

Covivio successfully priced a EUR500 million 10-year Bond with a 1.625% coupon

Covivio has successfully priced its new Bond issue of EUR500 million, maturing
in 2030 and offering a 1.625% coupon. The notes have been close to 5 times
oversubscribed.

This operation, used to refinance existing debts, strengthens the balance sheet
by lengthening debt maturity (of 6.1 years at end-2019) and improving its
profile.

As a reminder, at end-May, Standard & Poor's confirmed its rating on Covivio at
BBB+, stable outlook.

Application will be made for the notes to be admitted to trading on Euronext
Paris and to the Autorité des Marchés Financiers for approval of the
prospectus. Settlement and admission to trading on Euronext Paris of the Notes
should occur on 23 June 2020.

This press release and the information contained herein do not constitute an
offer to sell or subscribe, nor as solicitation of an order to purchase or
subscribe the notes in any country, in particular in the United States. This
press release and the information contained herein also do not constitute an
offer to purchase nor a solicitation to sell the notes, nor an invitation to
participate to the offer to purchase. The distribution of this press release
may be restricted in some countries and be subject to specific regulations and
persons in possession of this press release should inform themselves about and
comply with any applicable restrictions.

CONTACTS

Press Relations
Géraldine Lemoine
Tél : + 33 (0)1 58 97 51 00
geraldine.lemoine@covivio.fr

Laetitia Baudon
Tél : + 33 (0)1 44 50 58 79
laetitia.baudon@shan.fr

Investor Relations
Paul Arkwright
Tél : + 33 (0)1 58 97 51 85
paul.arkwright@covivio.fr

Hugo Soussan
Tél : + 33 (0)1 58 97 51 54
hugo.soussan@covivio.fr

ABOUT COVIVIO

Thanks to its partnering history, its real estate expertise and its European
culture, Covivio is inventing today's user experience and designing tomorrow's
city.
A preferred real estate player at the European level, Covivio is close to its
end users, capturing their aspirations, combining work, travel, living, and
co-inventing vibrant spaces.

A benchmark in the European real estate market with EUR25 Bn in assets, Covivio
offers support to companies, hotel brands and territories in their pursuit for
attractiveness, transformation and responsible performance.
Build sustainable relationships and well-being, is the Covivio's Purpose who
expresses its role as a responsible real estate operator to all its
stakeholders: customers, shareholders and financial partners, internal teams,
local authorities but also to future generations and the planet. Furthermore,
its living, dynamic approach opens up exciting project and career prospects for
its teams.

Covivio's shares are listed in the Euronext Paris A compartment (FR0000064578 -
COV) and on the MTA market (Mercato Telematico Azionario) of the Milan stock
exchange, are admitted to trading on the SRD, and are included in the
composition of the MSCI, SBF 120, Euronext IEIF "SIIC France" and CAC Mid100
indices, in the "EPRA" and "GPR 250" benchmark European real estate indices,
EPRA BPRs Gold Awards (financial + Sustainability), CDP (A), Green Star GRESB
and in the ESG FTSE4 Good, DJSI World & Europe, Euronext Vigeo (World 120,
Eurozone 120, Europe 120 and France 20), Euronext(r) CDP Environment France EW,
Oekom, Ethibel, Sustainalytics and Gaïa ethical indices.
Covivio is rated BBB+/Stable outlook by Standard and Poor's.

Notations solicited:
Financial part: BBB+ / Stable outlook by Standard and Poor's
Extra-financial part: A1+ by Vigeo-Eiris

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COVIVIO (EPA:COV) - Covivio successfully priced a €500 million 10-year Bond with a 1.625% coupon

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