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    ICAD   FR0000035081

ICADE

(ICAD)
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A successful new Green Bond issue: €500m 8-year bond with a coupon of 1.00%

01/12/2022 | 01:16pm EDT

PRESS RELEASE

Paris, January 12, 2022

A successful new Green Bond issue:

€500m 8-year bond with a coupon of 1.00%

Icade has today successfully issued a new 8-year €500m Green Bond with an annual coupon of 1.00%.

This new Green Bond, more than three times oversubscribed and benefiting from a negative new issue premium, reflects investors' confidence in Icade's credit quality.

The proceeds from this bond will finance or refinance assets and projects having a positive impact on the environment and meeting the eligibility criteria set out in Icade's Green Financing Framework which was updated in November 2021. This new, more stringent Framework which already includes EU Taxonomy criteria as known to date, received very favourable feedback from investors.

This new bond will allow Icade to lower the average cost and extend the average maturity of its debt.

The Joint Lead Managers on this bond issue were Natixis, as Sole Green Structuring Advisor, Coordinator and Bookrunner with BofA Securities, CIC, HSBC, and Banque Postale as Active Bookrunners.

"Through this transaction, Icade has continued to actively manage its balance sheet on favourable terms and finance its highly ambitious environmental goals" explained Victoire Aubry, Group CFO.

ABOUT ICADE

DESIRABLE PLACES TO LIVE

As an office and healthcare property investment company (portfolio worth €14.8bn on a full consolidation basis as of 06/30/2021) and a developer of homes, offices and public amenities (2020 economic revenue of €825m), Icade designs, builds, manages and invests in cities, neighbourhoods and buildings that are innovative, diverse, inclusive and connected, with a reduced carbon footprint. Desirable places to live and work. In collaboration with its stakeholders, Icade has made low carbon a strategic priority in order to reinvent real estate and create cities that are healthier, happier and more hospitable. Icade is a key player in Greater Paris and major French cities. It is listed as a "SIIC" on Euronext Paris and its leading shareholder is the Caisse des Dépôts group.

The text of this press release is available on the Icade website: www.icade.fr

CONTACTS

Charlotte Pajaud-BlanchardPress Relations Manager +33 (0)1 41 57 71 19 charlotte.pajaud-blanchard@icade.fr

Anne-Sophie Lanaute

Head of Financial Communication and Investor Relations +33 (0)1 41 57 70 29 anne-sophie.lanaute@icade.fr

DISCLAIMER

This press release is for information purposes only and does not constitute an offer to sell or a solicitation to purchase any securities in any jurisdiction. No action has been or will be undertaken to make available any bonds to any retail investor in the European Economic Area or the United Kingdom. In France, a listing prospectus will be submitted for approval to the French Autorité des marchés financiers for a listing of the bonds on the regulated market of Euronext Paris. Settlement and delivery remain subject to this approval. This press release is not an offer for sale within the United States of any security of Icade or any of its affiliates. Securities of Icade or any of its affiliates may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended, or unless exempt from such registration. Release, publication or distribution of this press release is forbidden in any jurisdiction where such release, publication or distribution would violate applicable laws or regulations.

Disclaimer

Icade SA published this content on 12 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2022 18:15:04 UTC.


© Publicnow 2022
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Sales 2022 1 721 M 1 806 M 1 806 M
Net income 2022 477 M 501 M 501 M
Net Debt 2022 6 605 M 6 932 M 6 932 M
P/E ratio 2022 12,0x
Yield 2022 7,69%
Capitalization 4 337 M 4 552 M 4 552 M
EV / Sales 2022 6,36x
EV / Sales 2023 6,20x
Nbr of Employees 1 205
Free-Float 40,7%
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Technical analysis trends ICADE
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 57,30 €
Average target price 70,05 €
Spread / Average Target 22,3%
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Managers and Directors
Olivier Wigniolle Chief Executive Officer
Victoire Aubry Chief Financial Officer
Frédéric Thomas Chairman
Laurent Maheu Head-Research & Studies
Marie-Christine Lambert Independent Director
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