French retail property group Klepierre said it will issue €500 million in fixed-rate bonds maturing on September 1, 2034, carrying an annual coupon of 3.875%.
The offering, priced at 98.984, will be coordinated by Societe Generale, which will act as stabilisation coordinator and manager. Stabilisation activities are scheduled to begin on August 25, 2026, and may continue until September 24, 2026, subject to regulatory conditions.
Under the plan, Societe Generale may engage in over-allotment or market-price support transactions, though such measures are discretionary and may be halted at any time. The stabilisation efforts will comply with EU and UK regulatory frameworks, including Commission Delegated Regulation (EU) 2016/1052 and UK FCA Stabilisation Binding Technical Standards.
The bonds are directed at qualified investors and will not be registered or offered in the United States under the U.S. Securities Act of 1933. The offering excludes retail investors in the United Kingdom and European Economic Area member states.
