NE Property BV, a unit of U.K.-based property company NEPI Rockcastle PLC, launched a cash tender offer for up to €200.0 million of its 3.75% guaranteed notes due Feb. 26, 2021, and said it aims to issue euro-denominated fixed-rate notes under its €1.50 billion guaranteed euro medium-term note program.
The company said it plans to optimize and extend its debt maturity profile through the transactions.
The tender offer is set to expire at 5 p.m. Central European Summer time on Oct. 4, while settlement is expected Oct. 11.
Citigroup Global Markets Ltd.; Deutsche Bank AG, London branch; HSBC France; and J.P. Morgan Securities PLC are the dealer managers, while Lucid Issuer Services Ltd. is the tender agent.
