Derwent London prices rare UK property convert

Old_Street_Roundabout_alamy_230x150
By Aidan Gregory
06 Jun 2019

Derwent London, the UK commercial property developer, has shrugged off Brexit-related concerns about the outlook for the London real estate market to place a £175m convertible bond due in 2025 to finance a buyback of an older note due next month.

Barclays and HSBC were global coordinators, JP Morgan and UBS were additional bookrunners. Rothschild was adviser to the company on the new convertible bond offering and the repurchase of the older notes, which are trading in the money.

Launched early on Wednesday morning, the ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.