Investors have thrown weight behind Villa World following a successful bookbuild for its Bond offer.
The Company announced last week that it was seeking to raise $50 million under a Simple Corporate Bond (SCB) offering to institutions and retail clients of invited syndicate brokers.
Funds raised through the SCB will be used to grow the Company’s project inventory and take advantage of acquisition and joint venture opportunities in strategic east coast corridors.
The bookbuild to determine institutional and broker volume under the Bond Offer was completed on 24 March 2017. Due to strong demand, Villa World closed the Bookbuild earlier than scheduled.
The Margin determined under the Bookbuild is 4.75%.
Villa World Managing Director and Chief Executive Officer Craig Treasure welcomed the strong level of support from the Bookbuild process.
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