SEGRO PLC: Issue of Debt
03 Agosto 2022 - 08:00AM
UK Regulatory
TIDMSGRO
SELP JOINT VENTURE PRICES EUR750 MILLION 3.75 PER CENT
UNSECURED GREEN BOND ISSUE
SEGRO plc ('SEGRO'), in its role as venture adviser to the SEGRO
European Logistics Partnership ('SELP') joint venture, announces
the pricing of a 5 year, EUR750 million senior unsecured Green bond
issue for SELP. The order book at peak totalled approximately
EUR2.5 billion and the bonds were priced at 245 basis points above
euro mid-swaps, equating to an annual coupon of 3.75 per cent.
The proceeds of the issue will principally be used to refinance
the existing (non-green) EUR500 million bond expiring in 2023,
which are subject to an ongoing tender offer. In due course, they
will be allocated to financing and/or refinancing Eligible Green
Projects as outlined in the SEGRO Green Finance Framework,
including the continued development programme, as well as providing
funding for general corporate purposes.
For further information, please contact:
Harry Stokes (Commercial Finance Director)
+44 (0) 20 7451 9124 / harry.stokes@segro.com
Gary Gaskarth (External Communications Manager)
+44 (0) 20 7451 9069 / gary.gaskarth@segro.com
Richard Sunderland / Eve Kirmatzis (FTI Consulting)
Tel: +44 (0) 20 3727 1000
About SEGRO European Logistics Partnership S.à r.l. (SELP):
SELP is a joint venture in which SEGRO owns a 50 per cent
interest. It was established in October 2013 and owns EUR7.6
billion of big box warehouses and development land across seven
Continental European countries. SEGRO acts as asset, property and
development manager for SELP.
For further information see www.SELP.lu.
About SEGRO
SEGRO is a UK Real Estate Investment Trust (REIT), listed on the
London Stock Exchange and Euronext Paris, and is a leading owner,
manager and developer of modern warehouses and industrial property.
It owns or manages 9.7 million square metres of space (104 million
square feet) valued at GBP23.8 billion serving customers from a
wide range of industry sectors. Its properties are located in and
around major cities and at key transportation hubs in the UK and in
seven other European countries.
For over 100 years SEGRO has been creating the space that
enables extraordinary things to happen. From modern big box
warehouses, used primarily for regional, national and international
distribution hubs, to urban warehousing located close to major
population centres and business districts, it provides high-quality
assets that allow its customers to thrive.
A commitment to be a force for societal and environmental good
is integral to SEGRO's purpose and strategy. Its Responsible SEGRO
framework focuses on three long-term priorities where the company
believes it can make the greatest impact: Championing Low-Carbon
Growth, Investing in Local Communities and Environments and
Nurturing Talent.
See www.SEGRO.com for further information.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20220802006073/en/
CONTACT:
SEGRO PLC
SOURCE: SEGRO PLC
Copyright Business Wire 2022
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