SELP JV PRICES EUR 500M 1.5% UNSECURED BOND ISSUE

RNS Number : 1563C

SEGRO PLC

13 June 2019

 

13 June 2019

SELP JOINT VENTURE PRICES €500 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, €500 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)

[phone] / [e-mail]

Gary Gaskarth (External Communications Manager)

[phone] / [e-mail]

Richard Sunderland / Claire Turvey / Eve Kirmatzis (FTI Consulting)

Tel: [phone]

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 £11 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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