British Land has issued £300m in unsecured bonds, taking the total debt it has raised to £4.5bn in the past four years.
The 12-year bonds were issued at a coupon of 2.375%. British Land said it was issued to increase both diversity of funding and maturity in line with its financing strategy.
Lucinda Bell, chief financial officer at British Land, said: “We are pleased to have raised this unsecured debt in the sterling market where investor demand has reflected confidence in our strategy.”
Barclays Bank, Lloyds and NatWest acted as joint active lead managers.
To send feedback, e-mail karl.tomusk@egi.co.uk or tweet @ktomusk or @estatesgazette
