Derwent London PLC - London-based property investor and developer - Raises £250 million through a 7-year sterling-denominated senior unsecured bond with a 5.25% coupon. The proceeds will be used to repay debt, refinance near-term maturities, and support its development pipeline, including the £150 million Holden House W1 project. The bonds are expected to be rated A- by Fitch and will trade on the London Stock Exchange.

Chief Financial Officer Damian Wisniewski says: ‘We are delighted by the strong support for our bond.’ Barclays PLC, HSBC Holdings PLC and NatWest Group PLC acted as joint active bookrunners and Wells Fargo & Co as passive bookrunner. Rothschild & Co advised on the transaction.

Current stock price: 1,920.00 pence, up 1.1% in London on Tuesday morning

12-month change: down 19%

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