EUR 550 million Eurobond pricing

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 8752H Globalworth Real Estate Inv Ltd 13 June 2017  \n\nNOT FOR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.\n \nThis announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.\n \nThe information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.\n \n13 June 2017\nGlobalworth Real Estate Investments Limited \nGLOBALWORTH REAL ESTATE INVESTMENTS LIMITED SUCCESSFULLY PRICES EUR 550.0 MILLION EUROBOND\nGlobalworth Real Estate Investment Limited (AIM: GWI) (the \"Company\"), a leading real estate investment firm focused on the CEE region, has successfully priced a EUR 550 million Eurobond (the \"Bond\").  The five-year euro-denominated Bond matures on 20 June 2022 and carries a fixed interest rate of 2.875 per cent payable annually beginning on 20 June 2018. \nThe Company has applied for the Bond to be admitted to the Official List of the Irish Stock Exchange and to trade on its regulated market. The Bond has been rated BB+/Stable by Standard & Poor's and Ba2/Stable by Moody's.\nThe net proceeds from the offering will be used to repay certain of the Company's indebtedness and for general corporate purposes.\nDeutsche Bank AG, J.P. Morgan Securities plc and UBS Limited acted as joint bookrunners, while BT Capital Partners S.A. and Rand Merchant Bank, a division of FirstRand Bank Limited (London Branch) acted as Co-managers.\nDimitris Raptis, Deputy CEO and Chief Investment Officer commented: \"We are delighted by the strong interest shown from international investors in our inaugural Eurobond transaction and a landmark bond issue for a real estate investment company active in the broader CEE region.  With this transaction we are greatly simplifying our debt capital structure, significantly reducing our average cost of debt and further increasing our war chest for the next phase of our ...

More updates from Globalworth Real Estate Investments Limited