Dexus announces US$300 million notes issue
Dexus Funds Management Limited, as responsible entity for Dexus (DXS), today priced its inaugural US$300 million debt issue in the United States 144A bond market. The fixed rate senior unsecured notes were issued with a coupon of 7.125% for a tenure of 5 years. The Notes were priced at 99.582% of the principal amount. Proceeds of the issue will be used to pay down the Group¡¯s existing borrowings.