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Prospect News home > News index > List of issuers G > Headlines for Grand City Properties SA > News item
Published on 7/29/2015 in the Prospect News High Yield Daily.

Grand City Properties plans to price €100 million tap of 3¾% perpetual notes Wednesday

By Paul A. Harris

Portland, Ore., July 29 – Grand City Properties SA plans to price a €100 million add-on to its 3¾% hybrid perpetual notes on Wednesday, according to a market source.

Morgan Stanley is the bookrunner.

The Luxembourg-based specialist real estate company plans to use the proceeds to fund its growth strategy.

The company priced a €250 million at 97.04 in March 2015.

The new add-on notes will increase the amount of the notes outstanding to €500 million.


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