24th Jul 2025 11:52
Supermarket Income REIT PLC - London-based real estate investment trust for property leased to grocery retailers - Issues new GBP250 million sterling-denominated senior unsecured bond, with a term of six years. Says the bonds will be quoted on the International Securities Market of the London Stock Exchange.
Bonds will bear a coupon of 5.125% and are priced at a spread of 115 basis points over the relevant benchmark, it says. Notes that the bond issuance received" strong" demand from institutional investors, with the orderbook peaking in excess of GBP985 million. Supermarket will use the net proceeds of the bonds for general corporate purposes, including the refinancing of existing debt facilities.
Current stock price in London: 78.40 pence, down 1.1% on Thursday
12-month change: up 6.3%
Current stock price in Johannesburg: ZAR18.62, down 0.9%
12-month change: Listed on JSE in December 2024
By Artwell Dlamini, Alliance News senior reporter South Africa
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