SEGRO agrees €300m private bond issuance

Heathrow Airport

SEGRO has announced a US private placement of 10 year and 15 year senior unsecured notes totalling €300m (£270.4m).

The company signed an agreement with a group of institutional investors to issue two tranches of notes: €100m at a fixed coupon of 1.82% due 2028 and €200m at a fixed coupon of 2.37% due 2033.

This translates to a weighted average coupon of 2.19% and a weighted average maturity of 13.3 years.

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