Hibernia turns to US for fundraising

Clanwilliam Court

Hibernia REIT has entered an agreement to issue €125m (£107m) of new unsecured US private placement notes, which will help fund development of two of the group’s Dublin office projects.

The Issue comprises equal amounts of 10- and 12-year notes with an average fixed coupon of 1.9%. The notes have been placed with five institutional investors, all new lenders to Hibernia.

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