Business
Debut £500 million bond issue
LondonMetric Property Plc has successfully priced a £500 million debut sterling-denominated senior unsecured green bond issuance with a weighted average coupon of 4.69% and a weighted average maturity of 5.5 years. The issuance comprises two £250 million tranches, one with a 4-year maturity and a 4.50% coupon, and the other with a 7-year maturity and a 4.875% coupon. The offering was 3.2 times oversubscribed, indicating strong institutional demand. The bonds are expected to be issued on December 10, 2025, admitted to the London Stock Exchange International Securities Market, and carry an A- rating from Fitch Ratings Ltd. This issuance diversifies funding sources and lengthens debt maturity at attractive rates. Disclaimer*
About this update from Londonmetric Property Plc
[{"type":"text","content":"\n\n4 December 2025\n \nLONDONMETRIC PROPERTY PLC\nDebut £500m bond issue at a weighted average coupon of 4.69%\nLondonMetric Property Plc (\"LondonMetric\") is pleased to announce the successful pricing of a £500 million debut sterling-denominated senior unsecured green bond issuance (\"Bonds\") under its £3 billion Euro Medium Term Note Programme (\"Issuance\").\nThe Bonds have a weighted average coupon of 4.69%, a weighted average maturity of 5.5 years and comprise two tranches:\n· £250 million with a 4-year maturity and a 4.50% coupon, reflecting a spread of 82bps over the relevant benchmark; and\n· £250 million with a 7-year maturity and a 4.875% coupon, reflecting a spread of 92bps over the relevant benchmark.\nThe Issuance generated substantial and broad institutional demand across both tranches and was 3.2x oversubscribed at the peak.\nThe Bonds are expected to be issued on 10 December 2025, admitted to the London Stock Exchange International Securities Market and rated A- by Fitch Ratings Ltd (LondonMetric's issuer rating: BBB+).\nThe Active Joint Bookrunners for the transaction were ABN AMRO, Barclays, HSBC and NatWest. The Passive Joint Bookrunners were J.P. Morgan, Lloyds and SMBC.\nMartin McGann, Finance Director of LondonMetric, commented: \n\"We are delighted with the very strong support for our debut bond issuance which builds on our recent credit rating and reflects our significantly increased scale and high quality income focused portfolio. This bond issue further diversifies our funding sources at highly attractive coupons and lengthens our debt maturity.\n\"We thank all those investors that participated in the issuance process and look forward to extending these new relationships.\"\n \nLondonMetric Property Plc\nMartin McGann / Ritesh Patel / Gareth Price\nTel: +44 (0) 20 7484 9000\n \nFTI Consulting\nDido Laurimore / Richard Gotla / Andrew Davis\nTel: +44 (0) 20 3727 1000\[email protected] \n \nAbout LondonMetric Property Plc\nLondonMetric is the UK's leading triple net lease REIT with a £7 billion portfolio aligned to structurally supported sectors of logistics, healthcare, convenience, entertainment and leisure. It owns and manages desirable real estate ...