Brief: Grand City Properties Announces Refinancing Of Perpetual Notes Worth Up To EUR 600 Mln

Grand City Properties SA

09/12/2025 11:55

Dec 9 (Reuters) - GRAND CITY PROPERTIES GYC.DE:

ANNOUNCES SUCCESSFUL REFINANCING OF PERPETUAL NOTES THROUGH PRO-ACTIVE TRANSACTION

ACCEPTED NOTES TOGETHER WITH ENVISIONED EXERCISE OF REDEMPTION OPTIONS, IS EXPECTED TO SUM UP TO EUR 600 MILLION

TENDER OFFER IS ON BACK OF SUCCESSFUL ISSUANCE OF EUR 600 MILLION PERPETUAL NOTES ISSUED ON 1ST OF DECEMBER 2025 WITH A COUPON OF 4.75%

FOLLOWING TRANSACTION, AROUND EUR 600 MILLION OF EUR 700 MILLION PERPETUAL NOTE SERIES REMAIN OUTSTANDING

Source text: ID:nEQ9nfR1ka

Further company coverage: GYC.DE

 (Gdansk Newsroom)

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