Brief: Retail Estates Closes 7-Year Private Placement Of Bonds For EUR 75 Million

Retail Estates NV

10/12/2019 16:53

Dec 10 (Reuters) - RETAIL ESTATES NV  RETE.BR :
    * TODAY, RETAIL ESTATES SUCCESSFULLY CLOSED A 7-YEAR PRIVATE
PLACEMENT OF BONDS FOR AN AMOUNT OF EUR 75 MILLION
    * BONDS, EACH WITH A DENOMINATION OF EUR 100,000, BEAR A
FIXED
COUPON OF 2.15% PER ANNUM.
    * KBC BANK NV ACTED AS GLOBAL COORDINATOR.
    * KBC BANK NV AND ING BANK N.V., BELGIAN BRANCH ACTED AS
JOINT
BOOKRUNNERS.
    * BONDS WILL BE ISSUED ON 18 DECEMBER 2019 AND WILL BE
ADMITTED TO
TRADING ON EURONEXT BRUSSELS' MULTILATERAL TRADING FACILITY
EURONEXT GROWTH BRUSSELS
    * NET PROCEEDS OF BOND ISSUE WILL BE USED BY RETAIL ESTATES
TO
PURSUE ITS GROWTH STRATEGY THROUGH, AMONGST OTHER THINGS,
ACQUISITIONS AND OWN DEVELOPMENTS
    * BOND ISSUE ALSO CONTRIBUTES TO EXTENSION OF AVERAGE DEBT
MATURITY AND TO DIVERSIFICATION OF FINANCIAL RESOURCES.

Source text for Eikon:  ID:nNDL4t0vrj 
Further company coverage:  RETE.BR 

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