This article is from the Australian Property Journal archive
THE Charter Hall Long WALE REIT has priced $500 million of medium term notes.
Comprised of $300 million seven-year notes and $200 million 10-year notes, the seven-year notes were priced at a fixed coupon of 2.09% and the 10-year notes were priced at a fixed coupon of 2.79%.
Proceeds will be used to partially refinance CLW’s existing bank debt facilities.
Fund manager Avi Anger said: “We are very pleased that CLW’s entry into the debt capital markets has been strongly supported by Australian and International investors.”
