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LAND Land Securities Group Plc

654.00
14.00 (2.19%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Land Securities Group Plc LSE:LAND London Ordinary Share GB00BYW0PQ60 ORD 10 2/3P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  14.00 2.19% 654.00 653.00 653.50 655.50 643.00 643.50 1,450,321 16:35:13
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 795M -619M -0.8310 -7.86 4.87B

Land Securities Group PLC Landsec Announces New Bond Issuance

12/03/2024 7:00am

RNS Regulatory News


RNS Number : 4163G
Land Securities Group PLC
12 March 2024
 

12 March 2024

Land Securities Group PLC

("Landsec")

 

Landsec announces new bond issuance

 

Landsec's wholly-owned subsidiary, Land Securities Capital Markets PLC, has launched and priced a £300m bond with a maturity of 7.5 years, paying a coupon of 4.75% and representing a spread of 103 basis points over the reference gilt rate, subject to final legal documentation.

The transaction further strengthens Landsec's financial capacity, flexibility and maturity profile, following the maturity of two bonds in February 2024, totaling £417m.

Vanessa Simms, Chief Financial Officer at Landsec said: "This transaction further enhances Landsec's strong financial position, extending our weighted average debt maturity to 9.4 years and underpinning our future growth opportunities. The high-quality order book, which was multiple times over-subscribed, and competitive pricing highlight the continued strong investor demand for Landsec credit".

Ends

 


Please contact

Treasury                                               Investors
Duncan Holder                                      Edward Thacker
+44 (0)7912 519813                               +44 (0)7887 825869
duncan.holder@landsec.com                 edward.thacker@landsec.com

 

 

 

 

 

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END
 
 
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