Hammerson in £350m issue
Hammerson has issued its first sterling bond in nearly 10 years with a £350m, 10-year note at a 3.5% coupon. The bond was two times oversubscribed and was priced at 172bp over the reference gilt.
Grainger appoints Simms
Grainger has appointed Vanessa Simms as finance director. Simms is expected to join in early spring 2016, and will be based in London. She replaces Mark Greenwood, who is to retire.
Exchange seeks approval
An exchange for the trading of companies holding single commercial real estate assets is to seek authorisation from the Financial Conduct Authority. The International Property Securities Exchange aims to become the first investment exchange trading stock in single-asset holding companies such as company-owned factories or HQ buildings.
