Vicinity prices $400m of medium term notes

Company News

by Rachael Jones

Shopping centre owner and management company Vicinity Centres (ASX:VCX) today announced that it has priced $400 million of six-year medium term notes, comprising $225 million of fixed rate notes and $175 million of floating rate notes.

Settlement of the issue of the senior and unsecured Notes is expected on 27 June 2019.

The fixed rate notes were priced at a coupon of 2.60 per cent and the floating rate notes were priced at a coupon of 3-month bank bill swap rate plus 142 basis points.

Mr Grant Kelley, Chief Executive Officer and Managing Director, said: “We are very pleased with the strong response that we received for this raising from both new and existing domestic and Asian bond investors which has resulted in highly competitive pricing for our Notes. "

Vicinity Centres (ASX:VCX) closed 0.39 per cent higher at $2.58 yesterday.