Vicinity Centres £350 million 3.375% EMTN issue

4/4/2016

Investment grade bond/note issue

Value:

£ 350 million

Dollar value:

$ 453 million

Status:

Completed

Date:

4/4/2016

Overview:

Vicinity Centres has made its inaugural issue under its European Medium Term Note (EMTN) programme priced at £350 million with a coupon of 3.375%.
This was a first foray in the international capital markets by one of Australia's largest REITs.
The issuance aims to open a new funding market in Europe and extend the duration and diversity of its financing facilities.

Katrin Kostadinova - Data analyst

Jurisdictions:

Singapore
United Kingdom

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

Singapore

Industry sector:

Real estate

Firm:

Hogan Lovells Lee & Lee

Party: Vicinity Centres (Issuer)

Lawyer: Andy Ferris

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