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Dexus Group launches $344m debt issue in US

Dexus Group launches $344m debt issue in US

Dexus Property Group (ASX:DXS) has embarked on a $344.5 million debt restructuring effort with the launch of a US$300 million debt issue on the US bond market.

Dexus said the notes were issued with a coupon of 7.12% for a tenure of five years, and priced at 99.6% of the principal amount.

CEO Victor Hoog Antink said it was the group’s first entry into the US 144A bond market.

“[The move] opens up a new source of capital, broadening our investor base and giving us increased access to long dated funding,” he said.

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Tags Bonds Debt Dexus Property

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