Segro takes €450m private placements

By Silas Brown
20 Jul 2020

Segro, the FTSE 100 UK real estate investment trust, has sold €450m of private placements, according to market sources. The largest tranche was the longest, €200m at 20 years, which is sign of investors' confidence.

Segro, which has been in the market twice before, entered the market in early July looking for 10, 12, 15 and 20 year debt, with an initial target of €250m. According to market sources, the deal was closed last Friday with a final size of €450m. The 20 ...

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