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.