Dexus Diversified Trust and Dexus Office Trust, units of Dexus Property Group, have raised $250 million in a sale of notes, Reuters reports. The senior unsecured notes were sold in the 144a private placement market.
Bank of America Merrill Lynch, JP Morgan and Morgan Stanley were the joint bookrunning managers for the transaction. The notes carry a coupon rate of 5.60% and are due to mature on March 15, 2021.
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