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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