Great Portland Estates plc R.E.I.T. (GB:GPE) has released an update.
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Great Portland Estates plc has successfully priced a £250 million 7-year Sustainable Bond, with an overwhelming response of being over 5.5 times oversubscribed. The bond, bearing a 5.375% interest rate, aligns with the company’s sustainability goals and extends its average debt maturity beyond 5.5 years. This move complements their recent rights issue and is a strategic step towards their 2040 net-zero target, backed by strong market support for their London-centric business model.
For further insights into GB:GPE stock, check out TipRanks’ Stock Analysis page.
