Mirvac Group
(ASX:MGR) has announced it has priced a long term US Private Placement notes issuance totalling approximately $536M.
The issue will consist of three maturities, across 11, 12 and 15 year tenors, with notes priced between 195 to 222 bps over the 10-year US treasury bond.
Mirvac has indicated the transaction attracted significant interest from investors, with the order book two times oversubscribed from its initial target.
The issue is expected to settle in September 2016.
Mirvac Group reported a net profit of $472.7 million at 31 December 2015.
