Centuria Capital has launched an offer to raise $100m of capital under a Notes structure.
The proceeds of the Offer will be used to redeem a series of Wholesale Notes that mature in April 2021 as well as support Centuria Capital Group’s REIT co-investment programme, strategic acquisitions and to accelerate the growth of its unlisted property funds division.
The Notes which will be offered to institutions, brokers and existing security holders will by Guaranteed by Centuria Capital Limited with first ranking general security deed over all assets of the Issuer and certain subsidiaries of Centuria Capital Limited.
The 5 year term Notes will provide return based on the Bank Bill Rate plus a margin of between 4.25% and 4.50% per annum.
The Notes are redeemable notes and also expected to be quoted on the Australian Securities Exchange (“ASX”) and trade under the ASX code “C2FHA”.
Further Information
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