Accor launches EUR 380 million 2032 convertible bond offering
Reuters2026/09/02 05:54- Accor launched a EUR 380 million offering of senior unsecured OCEANEs due 2032 to extend its debt maturity profile.
- Proceeds earmarked for a concurrent partial buyback of up to EUR 330 million nominal of OCEANEs due 2027.
- New OCEANEs to pay a fixed annual coupon in a 1.125%-1.625% range; conversion premium set in a 35%-40% range.
- Settlement for the new OCEANEs scheduled for Sept. 9, 2026; bonds to mature on March 9, 2032.
- Buyback price range set at EUR 57.16-EUR 57.39 per bond; buyback settlement targeted for Sept. 10, 2026.
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