France: Icade sells €600m 10-year bond

French property group Icade has sold €600m (US$732.9m) 10-year debt at a historically low coupon of 0.625%. Nearly three times oversubscribed, the transaction went at mid-swaps plus 85 basis points. Proceeds will be allocated to the exercise of a make-whole call on its 1.875%, €500m paper due September 2022 of €395.7m. The company said that…

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