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Stockland (ASX:SGP) has reached agreement to secure a further $56 million of 10 year US Private Placement debt.
The company will package it with the $120 million it announced on August 16.
CFO Tim Foster said the note was increased to meet investor demand, and the company has achieved funding levels and coupon pricing that compares favourably with current market averages for the real estate investment trusts sector.
Stockland said it intends to proactively buy back some upcoming refinancing requirements maturing in 2013.
Stockland (ASX:SGP) reported a full year net profit of $754.6 million this year.
News: Stockland secures more US Private Placement
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Last
$5.06 |
Change
-0.090(1.75%) |
Mkt cap ! $12.74B | |||
| Open | High | Low | Value | Volume |
| $5.17 | $5.18 | $5.05 | $26.37M | 5.193M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 252697 | $5.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.08 | 30740 | 3 |
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| Last trade - 16.10pm 20/11/2024 (20 minute delay) ? |
| SGP (ASX) Chart |
