Primary Health Properties sells new £150m CB

London_Skyline_City_29June2017_Fotolia_230x150
By Aidan Gregory
18 Jun 2019

Primary Health Properties, the UK real estate investment trust focused on healthcare facilities, plans to raise £150m by selling a new convertible bond due in 2025.

Stifel is global coordinator on the deal, Barclays and HSBC are bookrunners.

The new issue is the second Sterling-denominated CB to be issued this month after Derwent London, the UK commercial property developer, raised £175m almost two weeks ago.

Primary Health Properties launched the sale of ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial