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NE Property 500 mln euro bond starts trading in Bucharest

Author Mario Tanev
NE Property 500 mln euro bond starts trading in Bucharest Bucharest Stock Exchange Author (BVB) License: all rights reserved.

BUCHAREST (Romania), August 1 (SeeNews) - A four-year 500 million euro ($551.6 million) bond issue of Dutch-based NE Property has started trading on the Bucharest Stock Exchange on Thursday, bourse data shows.

The issue carries an annual interest rate of 2.625% and consists of 5,000 bonds, according to Bucharest Stock Exchange data.

The bonds mature in May 22, 2023.

The issue is the second tranche of NE Property's Medium Term Notes programme worth 1.5 billion euro. The first tranche was placed in December 2017 and was also worth 500 million euro.

NE Property is a unit of property investment and development group NEPI Rockcastle, which is active in nine markets across Central and Southeast Europe, with Romania making up the largest share of the company’s portfolio.

($ = 0.9063 euro)

 

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