By Marisa Wong
Morgantown, W.Va., Dec. 12 – Eskmuir Group Finance plc issued £95 million of 4.255% secured bonds guaranteed by Eskmuir Properties Ltd., according to a notice.
The 30-year bonds were priced at par.
Proceeds from the Regulation S offering will be used to redeem some sterling-denominated debenture stock previously issued by Eskmuir Properties.
The property management company is based in London.
| Issuer: | Eskmuir Group Finance plc
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| Guarantor: | Eskmuir Properties Ltd.
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| Issue: | Secured guaranteed bonds
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| Amount: | £95 million
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| Maturity: | Dec. 12, 2047
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| Coupon: | 4.255%
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| Price: | Par
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| Yield: | 4.255%
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| Agent: | Citibank, NA, London Branch
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| Call option: | In full at greater of par and amount calculated based on yield of 1.5% Treasury gilt due 2047 plus 50 basis points
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| Put option: | Upon change of control
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| Settlement date: | Dec. 12
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| Distribution: | Regulation S
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