Business
Bond Pricing May 2025
Bond Pricing May 2025.
About this update from International Workplace Group Plc
[{"type":"text","content":"\n\n\n \n8 May 2025\n \nPRICING OF EUR 300,000,000 5.125% BOND DUE 14 MAY 2025\n \nInternational Workplace Group plc announces that it has completed the pricing of a EUR 300,000,000 5.125% bond due 14 May 2032 (the \"Bond\"). Settlement of the Bond is expected to take place on 14 May 2025.\nThe Bond will be fully hedged into USD with a face value of $340,865,000 and the all-in cost of the Bond will be 6.90%.\nThe proceeds of the Bond will be used for general corporate purposes, including the repayment of existing indebtedness. Net financial debt, gross of fees, is unchanged following this transaction.\nThe Bond is expected to be rated BBB by Fitch Ratings Ltd.\n\nFurther information\nInternational Workplace Group plc\nCharlie Steel, Chief Financial Officer\nRichard Manning, Head of Investor Relations\nSee IWG Investor Relations website for contact details\n \n\n","length":2893,"tagName":"div"}]