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Segro calls £200 million 5.5% notes due 2018 for redemption at 105.182
New York, May 31 – Segro plc will redeem its £200 million of 5.5% notes due 2018 on June 16, according to announcements from the company.
The issuer will pay 105.182% of par, or a total of £210,364,000, plus accrued interest.
Segro said the redemption is part of a refinancing which is intended to extend the company’s maturities and reduce its borrowing costs.
Discussions are under way with institutional investors in the United States for an issue of private placement notes.
Segro is a London-based real estate investment trust specializing in warehouses and light industrial properties.
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