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Published on 10/16/2019 in the Prospect News Emerging Markets Daily.

New Issue: EM-focused NE Property prices €500 million 1 7/8% notes due 2026

By Rebecca Melvin

New York, Oct. 16 – NE Property BV priced €500 million 1 7/8% notes due 2026 at 98.927, according to a company news release on Wednesday.

The notes are guaranteed by NEPI Rockcastle plc.

Citigroup Global Markets Ltd., Deutsche Bank AG, London Branch, HSBC and J.P. Morgan Securities plc were bookrunning managers of the deal.

The Isle of Man-based issuer is an owner and operator of commercial real estate in Central and Eastern Europe.

Issuer:NE Property BV
Guarantor:NEPI Rockcastle plc
Issue:Notes
Amount:€500 million
Maturity:2026
Bookrunners:Citigroup Global Markets Ltd., Deutsche Bank AG, London Branch, HSBC and J.P. Morgan Securities plc
Coupon:1 7/8%
Price:98.927

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