trending Market Intelligence /marketintelligence/en/news-insights/trending/t2U8mVpcxXiYUXnhUX010g2 content esgSubNav
In This List

LondonMetric places £150M of senior notes

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Infographic: The Big Picture 2024 – Energy Transition Outlook

LondonMetric places £150M of senior notes

LondonMetric Property PLC privately placed £150 million of senior notes, with a blended fixed-rate coupon of 3.5% and a weighted average maturity of 12 years.

The notes were placed with five institutional investors in four tranches: £50 million notes due 2029, £50 million notes due 2030, £10 million notes due 2031 and £40 million notes due 2034.

Proceeds are expected to be drawn in March 2019. The funds will be used to pay down part of the real estate investment trust's existing unsecured credit facility, which will remain available to be fully drawn, according to a release.

Barclays served as the sole placement agent.