Bond Pricing May 2025
IWG prices EUR 300m bond due 2032 at 5.125%, hedged to USD, for refinancing and corporate purposes.
- Bond size EUR 300,000,000
- Coupon 5.125%
- Maturity 14 May 2032
- USD equivalent face value $340,865,000
- All-in cost (hedged) 6.90%
- Expected rating BBB (Fitch)
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International Workplace Group plc announces that it has completed the pricing of a EUR 300,000,000 5.125% bond due 14 May 2032 (the "Bond"). Settlement of the Bond is expected to take place on 14 May 2025.
The Bond will be fully hedged into USD with a face value of $340,865,000 and the all-in cost of the Bond will be 6.90%.
The proceeds of the Bond will be used for general corporate purposes, including the repayment of existing indebtedness. Net financial debt, gross of fees, is unchanged following this transaction.
The Bond is expected to be rated BBB by Fitch Ratings Ltd.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.