French-listed real estate investment trust, Foncière des Régions (FdR), has placed notes worth €550 million, PropertyEU reports. The convertible bonds are due to mature on Jan. 1, 2017.
The firm intends to use the proceeds to diversify its funding sources and to extend its debt maturity profile. BofA Merrill Lynch, HSBC, Lazard-Natixis and UniCredit are the joint book-runners for the transaction.
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