LONDON (dpa-AFX) - Great Portland Estates plc or GPE (GPOR.L) said it has raised $200 million through a US private placement bond issue. The placement was originally launched at $75 million and was over five times oversubscribed, with GPE subsequently deciding to increase the issue to $200 million.
The issue consists of two tranches such as $160 million 4.20% Senior Notes due 2019 and $40 million 4.82% Senior Notes due 2022. The notes were placed with a select group of institutional investors, more than half being new investors in GPE. The issue was priced on 15 March, inked on 9 May and would close with funds drawn on 30 May 2012.
RBS and Lloyds Bank acted as joint agents.
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