StockMarketWire.com - SEGRO confirmed it has given notice to the holders of the £200m 5.5% notes due 2018 that it will fully redeem all of the notes outstanding on 16 June 2017.

The notes will be redeemed at their Redemption Amount of £210,364,000, together with accrued interest, representing a premium of approximately £10m above the nominal value of the notes.

The Company said the redemption of the notes forms part of a refinancing exercise which is intended to extend its debt maturity profile and reduce the overall cost of its debt.

As part of this exercise, the Company is in advanced discussions with a number of US institutional investors in relation to a potential issue of private placement notes.




At 1:23pm: [LON:SGRO] Segro share price was +4.45p at 501.75p



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