Vicinity’s inaugural European bond sale

23 March 2016

 

Vicinity Centres, formerly known as Centro Property Group and then Federation Centres, has issued £350 million (AUD$650 million) 10 year fixed rate bonds in its first ever issue into the European market. Vicinity said the deal allowed for a diversification in their funding while extending the average maturity of their outstanding debt. The proceeds will be swapped into Australian dollars and be used to retire bank debt. The bonds were...

read full story