By William Gullotti
Buffalo, N.Y., April 30 – CPI Property Group priced €500 million of 7% senior notes due 2029 (Baa3) at 95.042, according to a stabilization notice filed by Societe Generale SA on Tuesday.
The notice indicated that there is an overallotment option but did not disclose the amount.
CPI Property is a Luxembourg-based real estate company focused on property investments in Central and Eastern Europe.
| Issuer: | CPI Property Group
|
| Amount: | €500 million
|
| Issue: | Senior notes
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| Maturity: | May 7, 2029
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| Stabilization manager: | Societe Generale SA
|
| Coupon: | 7%
|
| Price: | 95.042
|
| Trade date: | April 30
|
| Ratings: | Moody’s: Baa3
|
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