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Shareholders OK MERLIN Properties' €1.5B bond issue

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Shareholders OK MERLIN Properties' €1.5B bond issue

saidApril 6 that its annual general shareholders meeting approved the €1.5 billionbond issue, which is meant to refinance debt incurred in the of Testa Inmuebles en RentaSA.

TheSpanish group has filed a prospectus with the regulator and will initiatemarket prospection in the coming week.

Thecompany is seeking to refinance its two-year maturity bridge loan signed with10 financiers in December2015. Spanish real estate company was acquired from Sacyr SA in a€1.79 billion deal.

Thecompany's shareholders also approved a dividend payout of €60 million for 2015.