Accor: Eurobond Issue of EUR 400 million

Accor has offered a 4 year bond issue of
EUR 400 million. This operation allows the diversification of sources of financing and
an extension of the average duration of the debt and does not have an impact on the
Group’s level of indebtedness.
The initially planned offer size of EUR 300 million, was over-subscribed, and has been
raised to EUR 400 million in order to meet with strong demand; 44% of the bond issue
was placed with French investors while the remaining portion was placed with
international investors.
Joint lead managers and book runners for this operation are BNP Paribas, CDC IXIS
Capital Markets, Lehman Brothers, and Schroder Salomon Smith Barney.
With 147,000 associates in 140 countries, Accor is the European leader and one of the
world`s largest groups in travel, tourism and corporate services, with two major
international activities:
- hotels: 3,800 hotels (425,000 rooms) in 90 countries, casinos, travel agencies, and
- services to corporate clients and public institutions: each day, 13 million people in
32 countries use a broad range of services (food vouchers, people care and
services, incentive, loyalty programs, events) engineered and managed by Accor.