BWP prices $110M notes

Company News

by Jessica Amir

The responsible entity for the BWP Trust (ASX:BWP), BWP Management, has announced the pricing for its new $110 million unsecured fixed medium-term notes, that mature in May 2022.

The real estate investment trust with commercial leases to companies such as Bunnings and Wesfarmers (ASX:WES), issued the 5-year notes to go towards general funding and bank debt repayments.

The notes have a 3.50 per cent coupon rate.

BWP Trust says the issuance of the notes shows that BWP Managementis is improving the diversity and duration of its debt funding.

Shares in BWP Trust (ASX:BWP) last traded 1.37% higher to $2.97.

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