- LondonMetric Property on Thursday raised £150m through a private placement of debt.

The company entered into a £150m private placement at a blended fixed rate coupon of 3.5% and a weighted average maturity of 12 years.

The private placement was with five institutional investors in four tranches included £50m senior notes due 2029; £50m senior notes due 2030, £10m senior notes due 2031; and £40m senior notes due 2034.

Draw down of the proceeds from the private placement would be delayed until March 2019 and be used to pay down part of the company's existing unsecured credit facility.

At 9:01am: [LON:LMP] LondonMetric Property share price was -0.9p at 181.9p

Story provided by