Grand City Properties SA (DE:GYC) has released an update.
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Grand City Properties S.A. has announced the triumphant launch of a new €500 million bond, marking the company’s successful return to the capital markets after three years. The ‘Series Y 2030’ bond, carrying a 4.375% coupon and due in 5.5 years, attracted robust investor interest, with the issue being oversubscribed sevenfold. This strategic financial move is set to enhance the firm’s balance sheet by repaying short-term debts and extending debt maturities through a concurrent liability management exercise.
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