KWE launches BBB rated £300m debut senior unsecured bond
24 June 2015
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Kennedy Wilson Europe Real Estate Plc (LSE: KWE), an LSE listed property company that invests in real estate and real estate loans in Europe, announces the successful launch and pricing of a seven year, £300 million debut senior unsecured bond (the “Bond”).
The Bond has an annual fixed coupon to the Company of 3.95%, expected to reduce to approximately 3.45%, upon KWE entering into swap arrangements to convert a portion of the proceeds into Euros, on or around closing.
Both KWE and the Bond are rated BBB (outlook stable) by Standard & Poor’s (“S&P”).
The securities referred to in this announcement (the “Securities”) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Personsas defined in Regulation S under the Securities Act.
Under no circumstances shall this announcement constitute an offer to sell or the solicitation of an offer to buy any Securities in any jurisdiction where it is unlawful to do so. Recipients of this announcement who intend to subscribe for or purchase the Securities are reminded that any subscription or purchase may only be made on the basis of the information contained in the final prospectus relating to the Securities.
This announcement is an advertisement and is not a prospectus for the purposes of EU Directive 2003/71/EC, as amended and/or Part VI of the Financial Services and Markets Act 2000.
This announcement may only be communicated to persons in the United Kingdom in circumstances where section 21(1) of the Financial Services and Markets Act 2000 does not apply.
This announcement does not constitute an offer, an invitation or a solicitation for any investment or subscription for the shares of the Company.