Dexus manages total debt capital of over $6.5 billion on behalf of the listed Dexus entity (DXS) and the group's third party clients, with funding sourced from domestic and international capital markets and through relationships with a range of banks. We provide a list of our funding achievements below.

2020

• Dexus established a Euro Medium Term Note (EMTN) Program
• Dexus issued A$500 million of MTNs with a 12 year tenor

2019

• Dexus and DWPF entered into an agreement to jointly acquire 80 Collins Street in Melbourne. Dexus funded its 75% interest through a fully underwritten $900 million institutional placement and a non-underwritten Security Purchase Plan raising circa. $64 million
• Dexus and DWPF entered into an agreement to jointly acquire the remaining 50% interest in MLC Centre, Sydney. Dexus funded its 25% interest through debt and the issue of A$425 million Guaranteed Exchangeable Notes
• DWPF undertook an equity raise of up to $400 million to fund the acquisition of a further 25% interest in the MLC Centre, Sydney
• DWPF undertook an equity raise of up to A$200 million
• DWPF issued A$502 million (equivalent) in the US Private Placement market over 12, 14 and 15-year maturities for an average tenor of 13.6 years
• Dexus issued A$200 million of MTNs with a 10 year tenor
   

2018

• DWPF issued A$50 million and US$155 million in the US Private Placement market over 12, 13 and 15-year maturities for an average duration of 13.3 years
• Dexus issued a A$30 million MTN and A$75 million USPP via reverse enquiry for a duration of 20 years

2017

• Dexus issued A$265 million of MTNs via a mix of reverse enquiry and new issuance at an average duration of 8.6 years
• Dexus issued A$150 million and US$385 million in the US Private Placement market over 12 and 15-year maturities for an average duration of 13.5 years
• Dexus successfully completed a A$500 million equity raising via fully underwritten institutional placement

2016

• Dexus issued $120 million of MTNs via reverse enquiry at an average duration of 7.6 years
• Dexus issued A$100 million in the US Private Placement market at an average duration of 12 years
• DWPF issued $65 million of MTN's via reverse enquiry at an average duration of 8.7 years

2015

• Dexus issued $90 million of MTNs via reverse enquiry at an average duration of 9 years
• Dexus issued $200 million of MTNs comprising 7 and 10-year tenors, with an average duration of 7.75 years
• Dexus completed a $480 million equity raising; via $400 million fully underwritten institutional placement and approx. $80 million non-underwritten Security Purchase Plan

2014

• Dexus received a credit rating upgrade from both S&P and Moody's. The long-term credit ratings were upgraded to A- and A3 respectively
• Dexus issued US$250 million in the US Private Placement market over 10 and 12-year maturities, replacing short term funding put in place for the CPA transaction
• DWPF issued an MTN for $100 million for five years
• Dexus completed $1.3 billion acquisition funding for the CPA transaction
• Dexus completed a partial buy-back of its July 2014 MTNs

2013

• Dexus issued US$500 million over two separate issues in the US Private Placement market

2012

• Dexus completed a six-year MTN issue for $100m and subsequently increased it by $75 million through a series of taps
• Dexus undertook a buy-back of up to $100 million of its $300 million 144A bonds due to mature in 2014 which resulted in an over-subscription of $175 million of demand
• Dexus completed $450 million of unsecured bank debt financing

2011

• Dexus completed a second 144A issuance issuing $250 million for 10 years

2010

• DWPF secured an A rating from S&P
• DWPF completed inaugural  $250 million five-year MTN, diversifying its funding sources and increasing its debt duration
• Dexus successfully completed a buy-back of its February 2011 MTN (90% take up) and a subsequent seven-year new issue

2009

• Dexus originated a debut US$300 million five-year 144A issue
• Dexus completed a $160 million five-year MTN in difficult market conditions
• Dexus obtained a second credit rating from Moody's investor services being (Baa1), outlook stable rating, in line with the equivalent S&P rating of BBB+

2008

• Dexus secured $500 million in bank funding for refinancing of the DOT $500 million Office CMBS
• Dexus refinanced a US Teachers mortgage loan with NY Life
• Dexus established a four-year $200 million MTN

2006

• Dexus established an A$MTN program and issues its debut $250 million 3.5 year MTN
• Dexus originated a $200 million US private placement (av. tenor >10 years), diversifying funding sources and pushing out refinance risk

2005

• The group completes a seven-year hybrid security, RENTS, sold to both retail investors and institutional investors

2004

• Dexus terms out bridge funding by originating a $200 million US private placement
• Dexus completes bridge funding and a $900 million loan syndication as part of the Group's four trusts stapling to form DB RREEF Trust (DRT) and the acquisition of a US$1 billion property portfolio
• Dexus achieves a S&P private rating on the Group of BBB+