Capital & Counties Properties has increased the amount it is to raise from an issue of exchangeable bonds by £25m to £275m.
The bonds, which will now carry a coupon of 2%, are redeemable on 30 March 2026 and will be exchangeable for Capco’s shares in Shaftesbury.
The reference share price has been set at 532.70p and the initial exchange price now set at 719.15p, a 35% premium to the reference share price.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
