This article is from the Australian Property Journal archive
VICINITY Centres has priced a $200 million of seven-year and $200 million of 10- year medium term notes.
The unsecured guaranteed notes were priced with a coupon of 3.50% and 4.00% for the seven-year and the 10-year notes respectively.
“We are pleased with the ongoing support of Vicinity from both domestic and Asian bond investors which has resulted in competitive pricing for our notes and extends the duration of our financing facilities,” CFO Richard Jamieson said.
Proceeds of the issue will be used to repay existing bank facilities and for general corporate purposes.
Australian Property Journal
