GOODMAN has priced the issue of two tranches of notes in the US totalling $US850 million.
The first trance, comprises a $US525 million 10.5 year notes at a spread of 1.50% over US Treasuries which equates to a fixed coupon rate of 3.7%, maturing 15 March 2028 and $US325 million 20 year notes at a spread of 1.70% over US Treasuries which equates to a fixed coupon rate of 4.5%, maturing 15 October 2037.
The two tranches, with a weighted average term of 14.2 years, have an expected settlement date of 27 September 2017.
Additionally, Goodman has agreed to repurchase GBP129 million of the GBP250 million 9.75% 2018 notes with expected settlement on 21 September 2017.
Australian Property Journal
