Land Securities Group PLC (LAND.L), a commercial property development and investment company, Tuesday said its unit Land Securities Capital Markets has priced a 350 million pounds Green Bond with a maturity of 10 years having a coupon rate of 4.625 percent.
The company intends to use the proceeds to repay a part of its revolving credit, resulting in immediate savings in interest costs.
"The new bond further strengthens Landsec's financial position and extends its weighted-average debt maturity to 9.8 years," the company said in a statement.
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