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GROWTHPOINT PROPERTIES LIMITED - Growthpoint Successfully Prices USD 425.0 Million Eurobond

Release Date: 25/04/2018 09:00
Code(s): GRT     PDF:  
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Growthpoint Successfully Prices USD 425.0 Million Eurobond

Growthpoint Properties Limited
Approved as a REIT by the JSE
(Incorporated in the Republic of South Africa)
Registration number 1987/004988/06
ISIN: ZAE000179420
JSE Share code: GRT
("Growthpoint” or “the Company”)


GROWTHPOINT SUCCESSFULLY PRICES USD 425.0 MILLION EUROBOND


With reference to Growthpoint’s announcement on 13 April 2018, Growthpoint has
successfully priced a USD 425 million Eurobond (the "Bond"). The five-year USD-
denominated Bond matures on 2 May 2023 and carries a fixed interest rate of 5.872 per
cent payable semi- annually.

The Company has applied for the Bond to be admitted to the Official List of the Irish
Stock Exchange and to trade on its regulated market. The Bond has been rated Baa3 by
Moody's.

The net proceeds from the offering will be used to further the Company's
internationalisation strategy, including further investment into Europe, including its initial
investment into Griffin Premium Re.. N.V. (“GPRE”) as announced on 12 April 2018, as
well as to refinance Euro debt obligations and other general corporate purposes.

Deutsche Bank AG (London Branch) and J.P. Morgan Securities plc acted as joint
bookrunners. ABSA Bank Limited, acting through its Corporate and Investment Banking
division, and Rand Merchant Bank, a division of FirstRand Bank Limited (London Branch)
acted as Co-managers.


A copy of this notice has also been made available on the Company’s website at:
https://growthpoint.co.za/investor-relations/sens


Sandton
25 April 2018

Sponsor: Investec Bank Limited

Date: 25/04/2018 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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