Derwent London has raised £350m through its first sterling-denominated senior unsecured green bond.
The company sold the 10-year bonds with an interest rate of 1.875%. They are expected to be rated ‘A’ by Fitch Ratings.
Derwent will use the proceeds to repay part of its revolving credit lines, including a £300m green tranche, which in turn had refinanced a number of green projects.
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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
