Home News REITs

Cromwell European REIT to issue $478.2 mil 5-year notes with 2.125% p.a. coupon

Felicia Tan
Felicia Tan11/17/2020 08:43 AM GMT+08  • 2 min read
Cromwell European REIT to issue $478.2 mil 5-year notes with 2.125% p.a. coupon
The notes have been rated BBB- by Fitch.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Cromwell European REIT (CEREIT)’s wholly-owned subsidiary Cromwell EREIT Lux Finco S.a.r.l. has priced €300 million ($478.2 million) worth of five-year senior unsecured notes due November 2025.

The notes, which are issued under CEREIT’s newly established €1.5 billion euro medium term note programme (EMTN Programme), will carry a coupon of 2.125% per annum and a reoffer yield of 2.161%.

The notes are expected to be issued on Nov 19 and dual-listed on the Singapore Exchange Securities Trading Limited (SGX-ST) and the Luxembourg Stock Exchange.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.