Altarea Strengthens Market Position with New Bond Issuance

ALTAREA (FR:ALTA) has released an update.

Altarea, a leading company in France’s low-carbon urban transformation sector, has successfully placed a new bond tranche worth 300 million euros with a 7-year maturity and a 5.50% annual coupon, reflecting market confidence in its strategic direction. The bond issuance, set for Euronext Paris on October 2, 2024, is part of Altarea’s financial strategy to strengthen its liquidity and credit profile. The operation, led by major financial institutions, underscores the company’s efforts to extend its debt duration and engage with a wider investor base.

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