DGAP-News
Aroundtown Property Holdings Plc. and its subsidiary ATF Netherlands B.V. successfully place USD 400 million of notes due 2032
DGAP-News: Aroundtown Property Holdings Plc. / Key word(s): Bond/Real Estate THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONS |
AROUNDTOWN PROPERTY HOLDINGS PLC AND ITS SUBSIDIARY ATF NETHERLANDS B.V. SUCCESSFULLY PLACE USD 400 MILLION OF NOTES DUE 2032
20 March 2017.
Aroundtown Property Holdings plc (AT) and its wholly-owned subsidiary ATF Netherlands B.V. (ATF) announce today the successful placement of USD 400,000,000 of fixed rate notes due 2032 (the Notes) under the EUR1,500,000,000 Euro Medium Term Note Programme (the EMTN programme). The Notes are the first placement under the EMTN programme, and were issued as a private placement with a single investor in Asia who had not previously invested in AT. AT has hedged the currency risk implied by the USD denomination via a cross currency swap into EUR for the period of the Notes, resulting in an effective coupon of EUR 2% for the Notes until 2022.
Following the successful placement, AT is considering to undertake additional USD notes issuances (swapped into EUR) in dated or perpetual format, to further Asian and other international investors to diversify globally its investor base.
The Notes will be admitted to trading on the regulated market of the Irish Stock Exchange.
AT intends to use the amount raised by the Notes to fund Aroundtown's growth strategy and to re-finance and/or repay existing debt.
About ATF
ATF is a Dutch private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) and is registered in the Dutch Trade Register of the Chamber of Commerce under
registration number 66965209.