Wereldhave succesfully completes a US private placement

Wereldhave N.V. has completed a EUR 265 m private placement in 7 notes with maturities ranging from 7 to 15 years.

Wereldhave N.V. (’Wereldhave’has completed the issuance of Euro 265 m of senior unsecured notes through a private placement to 5 Institutional Investors with maturities up to 15 years. The average interest costs of the notes is 2.9 %.

Reason for issuance
The interest rates are at historic low levels and Wereldhave has taken the opportunity both to extend the maturity of its debt and to fix the interest. The maturity of its debt will increase from 3 years at the end of 2013 to 5.5 years with interest rates fixed for 95 % of the debt.

For full press release, download the pdf below.

Press Release: US Private Placement