SEGRO (LSE:SGRO)'s European joint venture has priced a €650 million senior unsecured bond, adding long-term fixed-rate debt to the partnership's capital structure.
The SEGRO European Logistics Partnership, known as SELP, priced the seven-year bonds at 118 basis points above euro mid-swaps, equating to a 4.000% annual coupon.
SEGRO, the FTSE 100 warehouse and logistics real estate investment trust, acts as parent of SELP Management, the venture adviser to SELP.
