Grand City Properties S.A.: WILL TAP ITS 3.75% PERPETUAL HYBRID NOTES FOR ADDITIONAL EUR 100 MILLION PROCEEDS
Corporate News – Grand City Properties S.A.:
Grand City Properties S.A. (the „Company“) announces today to tap the Company’s 3.75% perpetual notes (the „Existing Notes“) by issuing additional notes with a notional amount of EUR 100 million („New Notes“).
The New Notes will have the same terms and conditions as the Existing Notes and will increase the nominal amount of the outstanding 3.75% perpetual notes to EUR500 million. The New Notes will be listed on the regulated market of the Irish Stock Exchange.
The Company intends to use the amount raised with the issue of the New Notes to fund the Company’s growth strategy.
Grand City Properties S.A.