CPI issues another $100m in bonds

CPI issues another $100m in bonds

Published at: 2019-07-31 12:17 | Author: CIJEurope.com
CPI Property Group has issued $100m in bonds, notes that will be consolidated with an existing issuance of $350m to form a single series totaling $450m. “We increased the size of our successful US Dollar bond based on feedback from our investor base following positive performance of the offering,” said David Greenbaum, CFO. The bonds, which are due in 2023, carry an interest rate of 4.75 percent. The Czech property company has converted the US Dollar proceeds into Euros through cross-currency swaps. The notes are listed on the regulated market of Euronext Dublin. The funds are expected to be used for new acquisitions.

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