Unite launches £275m unsecured bond and updates market

Unite student accomodation in edinburgh

Student accommodation giant Unite Group has revealed a £275m senior unsecured bond in a move to diversify its sources of funding.

The bond has a term of 10 years and will bear an interest rate of 3.5% a year. S&P and Moody’s are expected to assign the bond an investment grade rating of BBB and Baa2 respectively. 

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