Warehouse specialist WDP has become the latest listed European property company to tap the bond markets.
The Belgian-based company said it had entered a new phase in its financing strategy through the private placement of a €50 mln bond with institutional investors.
The bonds mature in 2020 and have an annualised gross yield of 3.82%.
The net proceeds will be used to support the company's recently announced growth plan for 2013-16 and to extend existing debt maturities.
WDP said the private placement is expected to be concluded on 18 March 2013, when the bonds will be admitted to NYSE Euronext Brussels.
ABN Amro and BNP Paribas acted as joint lead managers.
WDP develops and invests in semi-industrial and logistics real estate in Belgium, the Netherlands, France and Romania. The company currently has two million m2 under management.
