IN BRIEF: Segro joint venture prices EU500 million, five-year bonds

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Segro PLC - London-based property developer - As venture adviser to the Segro European Logistics Partnership joint venture, it reports the pricing of a €500 million senior unsecured bond issue for the venture. Notes the bonds possess a five-year term, and are priced 105 basis points above euro mid-swaps. Says this equates to an annual coupon of 3.875%. Adds that the bond issue was over 10 times covered at peak.

Current stock price: 706.80 pence, up 0.3% on Wednesday afternoon in London

12-month change: up 5.5%

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