The British Land Company announces its debut Sterling bond issue for €327.2m (£300m) at a coupon of 2.375% for 12 years.
In line with the Company’s financing strategy, this new issue increases both diversity of funding and maturity.
Lucinda Bell, CFO, British Land said: “We are pleased to have raised this unsecured debt in the Sterling market, where investor demand has reflected confidence in our strategy. The debut issue increases the total debt raised over the last five years to €4.9bn (£4.5bn) and enhances the diversity and maturity of British Land’s financing profile.”
Barclays Bank, Lloyds and NatWest acted as Joint Active Lead managers. HSBC, Bank of Tokyo Mitsubishi and Santander were Joint Passive Lead Managers. Credit Agricole and Royal Bank of Canada were Co-Managers.