SFL successfully completes €500 million bond issue

  SFL successfully completes €500 million bond issue

Business Wire

PARIS -- November 16, 2012

Regulatory News:

SFL (Paris:FLY) has today successfully completed the placement of €500 million
worth of 5-year 3.50% bonds due 28 November 2017.

This new issue, which is in line with the strategy launched in 2011 to
diversify SFL’s financing sources, strengthens the Group's liquidity position
and extends the average maturity of its debt.

The interest rate is below that of the May 2011 inaugural bond issue and is
also lower than the Group’ average borrowing cost.

BNPP, CACIB, HSBC, Natixis and SGCIB acted as lead managers for the issue and
CM-CIC as co-lead manager.

With an exceptional portfolio of properties valued at €3.4 billion including
transfer costs, essentially located in the Paris Central Business District,
SFL is a preferred vehicle for investors wishing to invest in the Paris office
and retail property market. As the leading player in this market, the Group is
firmly focused on pro-actively managing high-quality property assets. SFL has
elected to be taxed as an SIIC since 2003.

STOCK MARKET:

Euronext Paris Compartment A – Euronext Paris ISIN FR0000033409 – Bloomberg:
FLY FP – Reuters: FLYP PA

S&P RATING: BBB- /A-3 Stable outlook

www.fonciere-lyonnaise.com

Contact:

SFL
Nicolas Reynaud, + 33 (0)1 42 97 01 65
n.reynaud@fonciere-lyonnaise.com
or
Media contact:
INFLUENCES
Catherine Meddahi, +33 (0)1 44 82 67 07
c.meddahi@agence-influences.fr
 
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