INVESTA Office Fund has completed a 12-year $US125 million ($A128.9 million) US private placement.
CFO Ming Long said the USPP is inline with the fund’s strategy to extend the tenor and diversify the sources of debt.
“This is IOF’s first issuance in the USPP market and we are extremely pleased to have priced at an all-in-rate of 175 bps over BBSW for a 12 year tenor,” she added.
Proceeds will be used to repay bank debt. NAB was the sole placement agent.
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