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Published on 11/24/2015 in the Prospect News Emerging Markets Daily.

New Issue: New Europe Property prices €400 million 3¾% notes due February 2021 at 99.597

By Christine Van Dusen

Atlanta, Nov. 24 – New Europe Property Investments plc – via subsidiary NE Property Cooperatief UA – sold €400 million 3¾% notes due Feb. 26, 2021 (expected ratings: Baa3/BBB-) at 99.597 on Tuesday, according to a company filing.

Deutsche Bank and JPMorgan were the bookrunners for the Regulation S deal.

The company, based in Isle of Man, has offices in Romania, Slovakia and Serbia.

Issuer:NE Property Cooperatief UA
Amount:€400 million
Maturity:Feb. 26, 2021
Description:Senior notes
Bookrunners:Deutsche Bank, JPMorgan
Coupon:3¾%
Price:99.597
Trade date:Nov. 24
Settlement date:Nov. 26
Expected ratings:Moody's: Baa3
Standard & Poor's: BBB-
Distribution:Regulation S

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