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Large success for the launch of a bond offering EUR 750 million, 7 year maturity, annual coupon of 2.625%

February 4, 2014 Financial No Comments Email Email

Accor today successfully set the terms of a 7 year bond issue for an amount of EUR 750 million with an annual
coupon of 2.625%.
Despite a contrasted market environment, the order book totaled more than EUR3bn; i.e. more than a 6 times
the initial targeted amount. The transaction could therefore be completed within a short time, and at a very
favorable price. Based on these elements, the bond was finally raised to EUR 750 million.

This operation reflects the high quality of the Accor signature, and the investors’ confidence. It enables Accor to
both lengthen the average maturity of its debt and decrease significantly its average cost of funding.

Accor’s long-term senior debt is rated BBB- by Standard & Poor’s and Fitch Ratings.

Société Générale Corporate & Investment Banking acted as Global Coordinator and bookrunner for this bond
issue; Crédit Agricole CIB, HSBC, Natixis and UBS Investment Bank acted as joint lead managers and
bookrunners.

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