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by Oleksandr Vynychuk

Jul 09, 2026 5:22 AM ET

UPDATE: Action Logement Services € bmk 10yr Sust Sr Unsec; Spread set at OAT+25bp

IGC European Market: Deal Flow - SSA

Issuer	Term	Maturity	Size	Ranking	Type	Guidance	Spread Set
Action Logement Services	10yr	16-Jul-36	bmk	Sr Unsec	Fixed	OAT+27a	OAT+25

Spread set at: 10yr: OAT+25bp - Books in excess of €2.1bn (incl. €225m JLM)
Guidance: 10yr: OAT+27a

Issuer: Action Logement Services
Ticker: ALSFR
Issuer Ratings: Aa3 (negative) / A+ (stable) by Moody’s/Fitch
Format: Senior, Unsecured, Reg S Bearer Dematerialized, Sustainable Bonds
Coupon: Fixed, Annual, ACT/ACT ICMA, Unadjusted Following
Tenor: 10yr
Size: € Benchmark
Settlement Date: 16-Jul-26 (T+5)
Maturity Date: 16-Jul-36
Ref. Bonds: FRTR 1.25% 25-May-36 & FRTR 3.70% 25-Nov-36
Denominations: €100k + €100k
Documentation: Issuer’s Sustainable EMTN programme
Listing: Luxembourg-EuroMTF & Paris-Euronext Growth
Settlement: Euroclear France
Governing Law: French
Lead Managers: Barclays/BNPP/Natixis/Natwest/SG
Timing: Books are open, today's business
Books Subject: Books to close 11h00 UKT / 12h00 CET
Target Market: Eligible Counterparties and Professional clients (all distribution channels)
Advertisement: The final Prospectus, when published, will be available at https://www.bourse.lu/issuer/ActionLogeServ/97084
Investor Presentation: https://groupe.actionlogement.fr/sites/default/files/2026-07/2026%2007%20-%20Pr%C3%A9sentation%20investisseurs%20-%20EN_VF.pdf