National Storage REIT (AU:NSR) has released an update.
National Storage REIT has launched a A$300 million offering of exchangeable notes, aiming to repay debt, fund growth, and for general corporate use. The notes are guaranteed, will be listed on the Singapore Exchange, and have a Baa2 Moody’s rating. Investors are attracted by terms like a 3.125 – 3.625% coupon rate and exchange premiums of 30.0 – 35.0%, with the offering complemented by a concurrent Delta Placement.
For further insights into AU:NSR stock, check out TipRanks’ Stock Analysis page.
