trending Market Intelligence /marketintelligence/en/news-insights/trending/rkuIseoGkMgdEZJwi7rpJA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

SEGRO launches £750M of bonds

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


SEGRO launches £750M of bonds

SEGRO Plc launched and priced two new series of bonds worth £350 million and £400 million each.

The £350 million bonds carry a 2.375% coupon with a maturity of 12 years, while the £400 million bonds bear a coupon of 2.875% with maturity set for 20 years.

The company also confirmed it has accepted for repurchase £550 million of existing notes across four tranches, reflecting a cash cost of £677 million.

HSBC Bank Plc, Lloyds Bank Plc and Banco Santander SA served as dealer managers on the tender offer. The Royal Bank of Scotland Plc acted as co-dealer manager.

Meanwhile, Banco Santander SA, HSBC Bank Plc, Lloyds Bank Plc and The Royal Bank of Scotland Plc are the joint book runners for the new notes issuance, with Wells Fargo Securities International Ltd. acting as senior co-manager and Bank of China Ltd. London branch and KBC Bank NV tapped as co-managers.