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IN BRIEF: Segro JV prices €650 million seven-year bond issue

ALN

Segro PLC - London-based property developer - Says its Segro European Logistics Partnership joint venture has priced a €650 million senior unsecured bond with a seven-year maturity. The bond carries a 4.0% annual coupon and was priced at 118 basis points above euro mid-swaps. Segro says the issuance is being undertaken by SELP, its logistics-focused joint venture.

Current stock price: 739.40 pence, down 0.6% on Tuesday morning in London

12-month change: up 7.1%

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