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CBRE issues $600m bond

CBRE_THUMB.jpeg

CBRE has successfully launched $600m (£385m) of senior notes raising $589.6m.

The notes were issued to pay a portion of the cash consideration on the purchase of the Global Workplace Solutions business from Johnson Controls, as well as for general corporate uses.

The 4.88% senior notes are due in 2026 and were issued at a price equal to 99.24% of the face value.

JP Morgan, HSBC, Bank of America Merrill Lynch, Credit Suisse, Wells Fargo Securities, MUFG, Royal Bank of Scotland and Scotiabank all acted as joint book runners on the issue.

mike.cobb@estatesgazette.com

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