Charter Hall Group priced a US$175 million private placement of notes with a fixed coupon, which has been fully hedged in Australian dollars to floating rate at a 2.05% margin over the Australian bank bill swap rate.
The offering of the notes due August 2028 will be settled Aug. 24, subject to customary investor due diligence and documentation.
The Australian property company said proceeds from the issuance will be channeled towards supporting its investment activities.
RBC Capital Markets LLC and HSBC Securities (USA) Inc. were joint lead placement agents and joint book runners for the issuance.
