MIRVAC has successfully priced US$400 million under its European Medium Term Note Program.
The issuance was heavily oversubscribed, and as a result, Mirvac upsized the deal to its maximum requirement of US$400 million.
The issue consists of notes with a tenor of 9.5 years, at a fixed coupon of 3.63 per cent.
Mirvac’s CFO Shane Gannon said the proceeds of the issue will initially be used to repay existing bank facilities.
Australian Property Journal
