News Article bond financing investment issue NEPI Rockcastle
by Property Forum | Investment

NEPI Rockcastle’s wholly-owned subsidiary, NEPC has priced a €500 million unsecured 7 year Eurobond maturing on 23 November 2024, carrying a 1.75% fixed coupon, with an issue price of 99.051%. At this level, the book was oversubscribed. S&P and Fitch assigned the Bond a BBB rating, in line with the corporate rating.

The Bond has been placed with a broad range of institutional debt investors across Europe. The net proceeds will be used for general corporate purposes including acquisitions and developments, as and when identified.