Last checked at 13 Jun 2019 15:35
13 June 2019
SELP JOINT VENTURE PRICES €500 MILLION 1.5 PER CENT UNSECURED BOND ISSUE
SEGRO plc ('SEGRO'), in its role as venture adviser to the SEGRO European Logistics Partnership ('SELP') joint venture, announces the launch and pricing of a 7.5 year, €500 million senior unsecured bond issue for SELP. The bonds were priced at 150 basis points above euro mid-swaps and have an annual coupon of 1.5 per cent.
The proceeds of the issue will principally be used to refinance existing bank borrowings as well as providing funding for general corporate purposes, including the continued development programme.
ENDS
For further information, please contact:
Harry Stokes (Commercial Finance Director)
+44 (0) 20 7451 9124 / harry.stokes@segro.com
Gary Gaskarth (External Communications Manager)
+44 (0) 20 7451 9130 / gary.gaskarth@segro.com
Richard Sunderland / Claire Turvey / Eve Kirmatzis (FTI Consulting)
Tel: +44 (0) 20 3727 1000
About SEGRO
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 7.0 million square metres (75 million square feet) of space valued at £11 billion (as at 31 December 2018), serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in eight other European countries.
See www.SEGRO.com for further information.