Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

BRIEF-Charter Hall Retail REIT says will issue a new 10 year US$125 million USPP

Published 15/02/2016, 03:58 pm
© Reuters.  BRIEF-Charter Hall Retail REIT says will issue a new 10 year US$125 million USPP
CQR
-

Feb 15 (Reuters) - Charter Hall Retail REIT CQR.AX :

* Uspp transaction is due to settle in May 2016 and is subject to standard investor due diligence and documentation

* Reit has also agreed terms for a new $50 million five year bank debt facility from an international bank

* Reit will issue a new 10 year US$125 million uspp which will mature in may 2026

* Notes will be issued with fixed us$ coupon of 3.76%, which is 100% hedged in Australian dollars

* Says proceeds will be used towards the repayment and cancellation of the $150 million syndicated bank debt tranche

* Reit has also announced the extension and restructure of its interest rate hedge book

* FY 2016 operating earnings guidance is not expected to be impacted by these transactions

* Says reit will use $22 million of the uspp proceeds to fund the hedge restructure

* Source text for Eikon ID:nASX9yTY5P

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.