By Wendy Van Sickle
Columbus, Ohio, July 8 – Realty Income Corp. priced £750 million of green bonds in two tranches on Thursday, according to a news release.
A £400 million tranche of 1.125% six-year notes priced at 99.305 to yield 1.242%.
The company sold £350 million of 1.75% notes due July 13, 2033 at 99.842 to yield 1.757%.
Goldman Sachs & Co. LLC, BofA Securities Inc., Barclays, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Wells Fargo Securities LLC were the bookrunners.
Proceeds will be used to finance or refinance, in whole or in part, new or existing eligible green projects in the categories outlined in the company's green financing framework.
The real estate investment trust is based in San Diego.
| Issuer: | Realty Income Corp.
|
| Amount: | £750 million
|
| Description: | Green bonds
|
| Bookrunners: | Goldman Sachs & Co. LLC, BofA Securities Inc., Barclays, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Wells Fargo Securities LLC
|
| Trade date: | July 8
|
| Settlement date: | July 13
|
|
|
| Notes due 2027
|
| Amount: | £400 million
|
| Maturity: | July 13, 2027
|
| Coupon: | 1.125%
|
| Price: | 99.305
|
| Yield: | 1.242%
|
|
|
| Notes due 2033
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| Amount: | £350 million
|
| Maturity: | July 13, 2033
|
| Coupon: | 1.75%
|
| Price: | 99.842
|
| Yield: | 1.757%
|
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