Brief: Vastned Retail Leases Calle Serrano 36 In Madrid To Sephora And Places 50 Million Euros Long-Term Bond Loan

VastNed Retail NV

18/01/2019 07:22

Jan 18 (Reuters) - VASTNED RETAIL NV  VASN.AS :
    * VASTNED LEASES CALLE SERRANO 36 IN MADRID TO SEPHORA AND
PLACES
EUR 50 MILLION LONG-TERM BOND LOAN
    * VASTNED HAS PLACED A EUR 50 MILLION LONG-TERM BOND LOAN
WITH
PRICOA CAPITAL GROUP
    * BOND LOAN HAS A 7-YEAR DURATION AND A 2.73% COUPON
    * NEW LOAN WILL BE USED TO REFINANCE EXISTING LOANS
    * VASTNED'S CONSERVATIVE FINANCING POLICY WILL BE
MAINTAINED,
INCLUDING THE OBJECTIVE OF FINANCING WITH AT LEAST 25% NON-BANK
LOANS
    * PRESENT FINANCING STRUCTURE PROVIDES SUFFICIENT FINANCIAL
ROOM
TO REDEEM CONVERTIBLE BOND THAT MATURES IN APRIL 2019

Source text: https://bit.ly/2Mg7kFl
Further company coverage:  VASN.AS 

 (Gdynia Newsroom)
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