StockMarketWire.com - Office and industrial property investor Regional REIT said it had raised £50m from a bond issue to repay its most expensive and earliest maturing debt.

The bonds would pay interest at an annual rate of 4.5% and mature on 6 August 2024.

Funds would repay the company's 6.5% zero dividend preference shares, while the remaining capital would be used towards further reduce the cost of Regional REIT's borrowings.


At 8:16am: [LON:RGL] Regional Reit Limited share price was +0.55p at 95.05p



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