tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Covivio Hotels Issues €500M Oversubscribed Green Bond

Covivio Hotels Issues €500M Oversubscribed Green Bond

Covivio Hotels SCA (FR:COVH) has released an update.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Covivio Hotels has successfully issued a €500 million Green Bond with a 9-year maturity, aimed at financing environmentally friendly hotel projects. The offering, which was nearly four times oversubscribed, reinforces the company’s balance sheet and aligns with their strong hedging position. The notes, rated BBB+ with a stable outlook by Standard & Poor’s, will be traded on Euronext Paris.

For further insights into FR:COVH stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1