Icade announces the launch of a cash buyback offer for three existing bond issues, representing a total nominal amount of 1.85 billion euros, maturing from 2025 to 2027 and bearing interest at rates ranging from 1.125% to 1.750%.

The real estate group wishes to redeem, in priority one, the 2025 and 2026 issues and, in priority two, the 2027 issue. It has set the indicative maximum amount of the buyback offer at 350 million euros. Closing of the offer is scheduled for May 22.

Icade will finance the bond buyback with part of the proceeds received in 2023 from the first stage of the disposal of its healthcare activities, and explains that it is thus proactively managing its debt maturity schedule.

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