• Accor bonds oversubscribed
Accor has raised EUR900m in a perpetual hybrid bond issue. The issue was five times oversubscribed, reflecting strong investor support.

The bonds rank as equity, and pay 4.125%, with the rate capable of being reset in the future. The bonds have no maturity date but can be repaid from mid 2020. 
Read the full story here:
http://www.accor.com/fileadmin/user_upload/Contenus_Accor/Finance/Pressreleases/2014/UK/20140623_pr_accor_hybride.pdf
 
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