Listed retail property specialist Corio announced on Wednesday that it had successfully placed a EUR 500 mln benchmark eurobond following a four-day road show in Europe.

Listed retail property specialist Corio announced on Wednesday that it had successfully placed a EUR 500 mln benchmark eurobond following a four-day road show in Europe.

The bond matures in January 2018. The 'long seven-year' bonds have a 4.625% coupon and the issue price is 99.694%. The settlement date has been set at 20 October 2010. The bonds were placed with a broad range of institutional investors, primarily from Europe.

The net proceeds of the issue of the bonds will be used for general corporate purposes.

BNP Paribas, Deutsche Bank and ING Commercial Banking acted as joint lead managers for this issue. The bonds will be listed on NYSE Euronext in Amsterdam.

Earlier this year Corio was assigned a BBB+ rating by Standard & Poor's and a Baa1 by Moody's, both with a stable outlook.