Stockland secure’s EUR300 million

Company News

by Rachael Jones

Stockland (ASX:SGP) has secured new, long-dated European medium term note funding raising EUR300 million.

The issue is for an eight year term with settlement expected on 27 April 2018.

The transaction will reduce the Group’s overall weighted average cost of debt, while lengthening its weighted debt maturity.

Stockland’s CEO says the deal has attracted over 50 new accounts across a broad range of European and Global investors.

Stockland (ASX:SGP) is down 0.51% to $3.93.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.