17th Sep 2024 10:56
Land Securities Group PLC - London-based commercial property development and investment company - Launches and prices a GBP350 million green bond with a maturity of 10.0 years. Bond pays a 4.625% coupon and represents a 97 basis point spread over the reference gilt rate "subject to final legal documentation". Company says it "further strengthens Landsec's financial position and extends its weighted-average debt maturity to 9.8 years". Intends to use proceeds to partially repay the drawn element of its revolving credit facility, which will result in "an immediate saving in interest costs". Read More
