SEGRO PLC SELP JV PRICES EUR 500M 1.5% UNSECURED BOND ISSUE (1563C)
June 13 2019 - 10:35AM
UK Regulatory
TIDMSGRO
RNS Number : 1563C
SEGRO PLC
13 June 2019
13 June 2019
SELP JOINT VENTURE PRICES EUR500 MILLION 1.5 PER CENT
UNSECURED BOND ISSUE
SEGRO plc ('SEGRO'), in its role as venture adviser to the SEGRO
European Logistics Partnership ('SELP') joint venture, announces
the launch and pricing of a 7.5 year, EUR500 million senior
unsecured bond issue for SELP. The bonds were priced at 150 basis
points above euro mid-swaps and have an annual coupon of 1.5 per
cent.
The proceeds of the issue will principally be used to refinance
existing bank borrowings as well as providing funding for general
corporate purposes, including the continued development
programme.
ENDS
For further information, please contact:
Harry Stokes (Commercial Finance Director)
+44 (0) 20 7451 9124 / harry.stokes@segro.com
Gary Gaskarth (External Communications Manager)
+44 (0) 20 7451 9130 / gary.gaskarth@segro.com
Richard Sunderland / Claire Turvey / Eve Kirmatzis (FTI
Consulting)
Tel: +44 (0) 20 3727 1000
About SEGRO
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading
owner, manager and developer of modern warehouses and industrial
property. It owns or manages 7.0 million square metres (75 million
square feet) of space valued at GBP11 billion (as at 31 December
2018), serving customers from a wide range of industry sectors. Its
properties are located in and around major cities and at key
transportation hubs in the UK and in eight other European
countries.
See www.SEGRO.com for further information.
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END
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