By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, April 27 – Goodman Group affiliate Goodman US Finance Five LLC sold $500 million of 4.625% 10-year notes on Wednesday, a market source said.
The notes priced at a spread 185 basis points over Treasuries compared to talk for a spread in the 200 bps area.
HSBC Securities (USA) Inc., ING, J.P. Morgan Securities and RBC Capital Markets, LLC were the bookrunners for the Rule 144A and Regulation S offering.
The company set up its sustainability-linked bond framework in April, with a second-party opinion from Sustainalytics.
Proceeds from sustainability-linked bonds under the company’s framework are generally slated for general corporate purposes. However, the company’s key performance indicators target a reduction in Scope 1 and 2 greenhouse gas emissions.
In February, Goodman Group upgraded its 2022 operating EPS growth forecast to 20%.
The commercial and industrial property owner, developer and management company is based in Sydney, Australia.
Issuer: | Goodman US Finance Five, LLC
|
Amount: | $500 million
|
Issue: | Sustainable notes
|
Maturity: | May 4, 2032
|
Bookrunners: | HSBC Securities (USA) Inc., ING, J.P. Morgan Securities and RBC Capital Markets, LLC
|
Coupon: | 4.625%
|
Spread: | Treasuries plus 185 bps
|
Trade date: | April 27
|
Distribution: | Rule 144A and Regulation S
|
Marketing: | Investor calls
|
Price talk: | Treasuries plus 200 bps area
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.