SEGRO PLC SELP JOINT VENTURE PRICES UNSECURED BOND ISSUE (0143X)
November 20 2017 - 9:45AM
UK Regulatory
TIDMSGRO
RNS Number : 0143X
SEGRO PLC
20 November 2017
20 November 2017
SELP JOINT VENTURE PRICES EUR500 MILLION 1.5 PER CENT
UNSECURED BOND ISSUE
SEGRO plc ('SEGRO'), in its role as venture advisor to the SEGRO
European Logistics Partnership ('SELP') joint venture, announces
the launch and pricing of an 8 year, EUR500 million (GBP442
million) senior unsecured bond issue for SELP. The bonds were
priced at 95 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 prepay
existing bank borrowings, including certain secured facilities.
Exchange rate as at 20 November 2017 is EUR1.13 to GBP1.
ENDS
For further information, please contact:
SEGRO plc
Harry Stokes (Head of Investor Relations and Research)
+44 (0) 20 7451 9124 / harry.stokes@segro.com
Lizzie Humphreys (External Communications Manager)
+44 (0) 20 7451 9129 / lizzie.humphreys@segro.com
Richard Sunderland / Claire Turvey / Eve Kirmatzis (FTI
Consulting)
Tel: +44 (0) 20 3727 1000
About SEGRO and SEGRO European Logistics Partnership
('SELP'):
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading
owner, manager and developer of modern warehouses and light
industrial property. It owns or manages 6.3 million square metres
(68 million square feet) of space valued at over GBP8 billion,
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 nine other European
countries.
SEGRO European Logistics Partnership ('SELP') is a joint venture
in which SEGRO owns a 50 per cent interest. It was established in
October 2013 and owns over EUR2.5 billion of big box warehouses and
development land across eight Continental European countries. SEGRO
acts as asset, property and development manager for SELP.
For further information see www.SEGRO.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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