S.Africa's Growthpoint issues R805 mln of 5-yr notes

Posted On Thursday, 24 November 2005 02:00 Published by
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South Africa's listed property company Growthpoint said on Wednesday it had issued 805 million rand of five-year floating rate notes in the country's largest commercial property securitisation issue.

JOHANNESBURG (Reuters) - South Africa's listed property company Growthpoint said on Wednesday it had issued 805 million rand of five-year floating rate notes in the country's largest commercial property securitisation issue.

The notes are part of the company's planned 5 billion rand commercial mortgage backed securitisation programme and are linked to the three-month Johannesburg Interbank Agreed Rate, the company said.

 


Publisher: Reuters
Source: Reuters

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