Covivio Hotels SCA (FR:COVH) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Covivio Hotels has successfully issued a €500 million Green Bond, which was nearly four times oversubscribed, reflecting investor confidence in the company’s strategy and portfolio. The bond, with a 9-year maturity and a coupon of 4.125%, will finance the company’s eligible Green hotel portfolio. This issuance will serve to enhance the company’s balance sheet by extending debt maturity, aligning with its strong credit rating (BBB+ with a stable outlook) by Standard & Poor’s.
For further insights into FR:COVH stock, check out TipRanks’ Stock Analysis page.