Finance

Derwent launches £175m convertible bonds

By 2019-06-05T07:00:00

Money £50 notes

Source: Shutterstock/Claudio Divizia

Derwent London has launched £175m of convertible bonds alongside the repurchase of the outstanding £150m bonds.

The new bonds will be due in 2025 and form part of the group’s longstanding financing strategy. The bonds willfully fund the repurchase of the 2019 bonds, with any remaining proceeds used to help fund the group’s development pipeline and future acquisitions. 

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