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.