Debut £500 million bond issue

Summary by AI BETAClose X

LondonMetric Property Plc has successfully priced a £500 million debut sterling-denominated senior unsecured green bond issuance with a weighted average coupon of 4.69% and a weighted average maturity of 5.5 years. The issuance comprises two £250 million tranches, one with a 4-year maturity and a 4.50% coupon, and the other with a 7-year maturity and a 4.875% coupon. The offering was 3.2 times oversubscribed, indicating strong institutional demand. The bonds are expected to be issued on December 10, 2025, admitted to the London Stock Exchange International Securities Market, and carry an A- rating from Fitch Ratings Ltd. This issuance diversifies funding sources and lengthens debt maturity at attractive rates.

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