New bond issue: Globalworth Real Estate Investments issued international bonds for EUR 550.0m maturing in 2022 with a 2.875% coupon.

June 16, 2017 - Cbonds

 

Globalworth Real Estate Investments issued international bonds for EUR 550.0m maturing in 2022 with a 2.875% coupon. Bonds were sold at a price of 99.427% with an initial yield of 3.0049%. Bookrunner: Deutsche Bank, JP Morgan, UBS
Depository: Clearstream Banking S.A..
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Issuer, issue numberGlobalworth Real Estate Investments, 2.875% 20jun2022, EUR
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueEUR 100,000
Amount550,000,000
ISINXS1577957837
End of placement06/12/2017
Initial issue price99.427
Yield at pricing3.0049
Coupon2.875%
Coupon frequency1 time(s) per year
Settlement date06/19/2017
Maturity date06/20/2022
Issue ManagersBookrunner: Deutsche Bank, JP Morgan, UBS Depository: Clearstream Banking S.A. Trustee: Deutsche Trustee Paying agent: Deutsche Bank AG (London Branch) Arranger Legal Adviser (International law): Latham & Watkins Arranger Legal Adviser (Domestic law): Ogier Issuer Legal Adviser (International law): Shearman & Sterling Issuer Legal Adviser (Domestic law): Carey Olsen
Trading floorIrish S.E.
Issuer: Globalworth Real Estate Investments
Issuer profile:
Globalworth is an AIM listed real estate company formed to take advantage of investment opportunities in the South Eastern Europe (SEE) and Central and Eastern Europe (CEE) markets, with a primary fo... more
Outstanding issues:
1 issuesEUR550,000,000
Issuer rating:
Moody's Investors ServiceBa2/StableLT- foreign currency05/26/2017
S&P Global RatingsBB+/StableForeign Currency LT06/16/2017
S&P Global RatingsBB+/StableLocal Currency LT06/16/2017