Italian REIT Beni Stabili has announced the placement of a €350 mln senior unsecured bond with a coupon of 4.125% and a maturity of four years.

Italian REIT Beni Stabili has announced the placement of a €350 mln senior unsecured bond with a coupon of 4.125% and a maturity of four years.

The issue and settlement date for the notes is expected to be 22 January 2014.

The net proceeds from the issue will be used to refinance existing indebtedness and for general corporate purposes, the Milan-based group said.

Crédit Agricole Corporate and Investment Bank, J.P. Morgan Securities plc, Mediobanca- Banca di Credito Finanziario and Unicredit Bank are acting as joint bookrunners.