MIRVAC Group (ASX: MGR) has completed a five-year, $A150 million Medium Term Note issue, at a margin of 230 basis points.
The MTN will replace Mirvac’s existing debt and reduce the amount expiring in FY2014.
Mirvac’s finance director Greg Dyer said this transaction further advances the group’s debt strategy of extending the debt maturity profile and diversifying the group’s sources of debt.
Commonwealth Bank was the sole lead manager for this issuance.
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