De Pardieu Brocas Maffei advise on the first EUR 255 million mortgage bond issued by Foncière des Murs

Gide Loyrette Nouel has advised the arranger, HSBC France, on the first EUR 255 million mortgage bond listed in France. The issue was made by Foncière des Murs, a subsidiary of Foncière des Régions, which was advised by De Pardieu Brocas Maffei, and is secured by a mortgage on a hotel portfolio rented by Accor. The bonds benefit from various other specific security interests, have a seven-year maturity, and were placed with French institutional investors.