Emeria Secured Debt Gains on €250 Million From Assurimo Sale

Emeria’s secured debt rises after the European real estate firm said it expects to receive around €250 million from the sale of French insurance broker Assurimo.

• The €400 million 7.75% senior secured notes and €400 million 3.375% senior secured notes, both due March 2028, are each up around a cent since yesterday’s open. They were quoted at 94.34 and 87.85 cents on the euro, respectively, on Friday, according to price data compiled by Bloomberg
  • The €250 million 5% senior unsecured notes due March 2029 are little changed at 56.78 cents on the euro
• Emeria, which is own by ...