6th Nov 2015 10:17
LONDON (Alliance News) - Property investor Kennedy Wilson Europe Real Estate PLC on Friday said it has made the first drawdown on its EMTN programme of EUR300.0 million.
The group said the notes will be issued with a maturity of ten years, due 2025. Both Kennedy Wilson and the note programme are rated BBB by Standard & Poor's the ratings agency.
"This successful second debt issuance allows KWE to further diversify its funding sources and access the euro debt capital markets which aligns with our committed acquisitions and investment pipeline," said Kennedy Wilson Chief Executive and President Mary Ricks.
Kennedy Wilson shares were flat at 1,187.00 pence on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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