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Growthpoint Properties not proceeding with bond issuance

Growthpoint Properties Ltd. will not proceed with a planned euro-denominated bond issuance.

The company said it will seek instead to reach international capital markets in 2018.

In late November, South Africa-based Growthpoint had mandated joint book runners to arrange investor meetings in the U.K. and continental Europe for a subsequent offering by unit Growthpoint Properties International (Pty.) Ltd.